Ibstock to sell former quarry for £9.3m
Ibstock, which manufactures clay bricks and concrete products, has agreed to sell a former quarry near Bristol.
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The company said on Tuesday that it has entered into an unconditional contract for a consideration of £9.3m in cash.
The consideration is payable in full on completion, which is expected to be the end of August, and it is anticipated that the sale will generate a reported pre-tax profit on disposal of around £6m.