News - Midlands
Carillion-Eaga deal moves forward
Wolverhampton-based Carillion has been given the green light to take over Eaga by the Newcastle-based company's shareholders. Construction giant Carillion first announced the £306m move last month (February 2011).
Eaga said resolutions had been passed by shareholders to approve the deal. It is due to complete by 20 April with shares being listed under Carillion’s name the day after.
A total of 99.95 per cent of Eaga shareholders have approved the deal.
A Eaga spokesman said: "The shareholder meetings convened passed the resolutions proposed at both meetings by the requisite majorities in respect of the proposed acquisition to be made by Carillion."