Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Mouchel confirms takeover approaches

06 December 2010
 

Mouchel has confirmed that it has received takeover approaches that have led to a significant rise in its stock price.

"The board does not believe that these preliminary approaches reflect the true value of the company," the group said.

It follows a tough year for the the outsourcing specialist which recorded a pre-tax loss of £15m in the year to July 31. The firm blamed the collapse of its workload in the Middle East, cuts in public spending and a huge restructuring exercise...

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