It already owns 50% of the company and is taking ownership of
Hanson is exercising its contractual pre-emption right to buy the shares, while the
The deal will be completed on 2 April 2013. MQP will continue to be run independently.
Hanson to take ownership of Tarmac's stake in MQP
Hanson is taking full control of Midland Quarry Products (MQP), a County Leicestershire, England-based asphalt and quarrying company. It already owns 50% of the company and is taking ownership of Tarmac's stake in the business. Hanson is exercising its contractual pre-emption right to buy the shares, while the UK Competition Commission required the sale of Tarmac's stake to clear its joint venture with Lafarge. Hanson has the right to match the price agreed with Hope Valley Holdings and pre-empt any sale of
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