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Evening Standard
Evening Standard
Holly Williams

Mitie agrees £366m deal to buy Lord Ashcroft-founded firm Marlowe

Mitie Ashcroft MARLOWE
Lord Ashcroft arrives for the Conservative Party annual conference at the International Convention Centre in Birmingham (Aaron Chown/PA) - (PA Archive)

Outsourcing firm Mitie has agreed a takeover of Lord Ashcroft-founded specialist services firm Marlowe in a deal worth around £366 million.

Under the terms of the cash-and-shares deal, Mitie will pay 466p per Marlowe share.

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