Mitie in advanced talks to buy Interserve's support services arm for £250m

Outsourcers Mitie and Interserve are in advanced talks to merge their support services arms, which would create a group with more than 80,000 UK employees Mitie is looking to buy Interserve’s facilities management business for around £250m, which is expected to be announced as soon as tomorrow when it is set to announce its full-year results. It will fund the takeover of its rival with a £200m rights issue to help fund the deal and strengthen the balance sheet of the combined c