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Nov 27 2024, 07:00 GMT
Grafton Group
Taking the next step forward
- Sectors : Builders Merchants
- Companies : Grafton Group
DAVY VIEW
Grafton’s acquisition of Salvador Escoda looks a judicious use of a portion of the group’s ample capital resources. The deal augments the group’s existing portfolio and also provides a platform for further expansion in a fragmented market with attractive growth potential in the Iberian Peninsula. With the recent correction in the share price, we believe the Grafton equity offers good quality at a reasonable valuation.
