Algeco’s agreement to buy Balat lapses

Premium Content
Thomas Allen

05 June 2020

The previously reported agreement for UK-based modular space rental specialist Algeco to acquire Spain-based Alquibalat (Balat) has lapsed.

Algeco Balat

The transaction was conditional upon approval being obtained from the Spanish competition authority, the CNMC, by 2 June, 2020.

Since this approval has not been obtained, the transaction has now automatically lapsed, in accordance with the terms of the acquisition agreement.

Algeco has been making a number of acquisitions recently, the latest of which was Wexus Group in Norway.

Spain UK Mergers & acquisitions Rental operations Rental
STAY CONNECTED


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

ERA TCO and CO2 calculators
ERA TCO Calc
Calculate the total cost of ownership and CO2 output of construction machinery using the European Rental Association’s online, free-to-use calculators.
CONNECT WITH THE TEAM
Lewis Tyler
Lewis Tyler Editor, International Rental News Tel: 44 (0)1892 786285 E-mail: [email protected]
Lucy Barnard Editor, Rental Briefing Tel: +44 (0)1892 786 241 E-mail: [email protected]
Ollie Hodges Vice President, Sales Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA