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Bovis Homes acquires Elite Homes

Bovis Homes Group PLC has acquired Elite Homes Group Limited from its existing directors and related trusts for a cash consideration of £25.7 million, plus assumption of £46.2 million of net debt.

Elite Homes Group Limited is a homebuilder based in the north of England, with operations across the North West and Yorkshire. For the year ended 31st October 2006 its turnover was £58.4 million, its profit before tax was £6.4 million and its gross assets were £55.0 million.



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