£4.4m offer made for Kuju

18 12 2006

A German investment group has made a £4.4m offer to buy developer Kuju.

The offer by Catalis, which already owns QA company Testronic, looks set to go through, having been recommended by the Kuju boad. Irrevocable acceptances have been obtained representing approximately 54.6 per cent of the outstanding share capital.

The offer values the shares at a 50 per cent premium over the price at the close of business yesterday (16p).

Kuju is the UK’s only remaining market-listed developer, and has teams in London, Brighton, Godalming and Sheffield.

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