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Funeral group Dignity expands with 58m acquisition

Mike McCollum, chief executive, Dignity
Mike McCollum, chief executive, Dignity
Duncan Tift
Duncan Tift
Deputy Editor, West Midlands

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. This together with ... for the full story register now for free or login below...

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