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IN BRIEF: GBP3 billion takeover of Mitie by OCS get EU approval

Provided by Alliance News Oct 21, 2026, 9:35:17 AM

Mitie Group PLC - London-based outsourcing and facilities management - Takeover by UK peer OCS Group Topco Ltd gets clearance from the European Commission. The GBP3.1 billion acquisition now needs only two UK regulatory and government approvals, for competition and national security. Last week, the UK Competition & Markets Authority asked for comments on any competition issues caused by the merger. Mitie shareholders last week voted in favour of the deal, and Mitie on Wednesday says it still expects the acquisition to complete in the first quarter of 2027.

Current stock price: 210.60 pence, compared to 221.6p offer price including 3.1p final dividend

12-month change: up 35%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

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