Funeral group Dignity expands with £58m acquisition

DIGNITY, the UK’s only publically listed funerals group, has expanded its business with the acquisition a Yorkshire-based group in a deal worth more than £58m.

The acquisition, to be completed on a debt-free cash basis, comprises 40 funeral locations and two crematoria and strengthens the West Midlands-based group's presence in the north of England.

To part finance the move, the Dignity board has announced a new share placing, which aims to raise around  £24.2m before expenses.

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