P528ORACLE 528 Mon17 Feb C4 1702:24
RHP PAYS £30m FOR
FIRE DETECTION FIRM
Engineering outfit RHP Group is to
spend a total of £30m acquiring the
fire detection specialist Graviner from
its US parent Allegheny International.
New shares worth £24.25m are to be
placed by Allegheny which will also
receive £5.75m direct from RHP as it
repays outstanding loans.
Plessey has won a £20m order for
radar systems to be fitted to the
latest Royal Navy destroyers, aircraft
carriers and frigates.
Oil ministers from Algeria, Iran and
Libya are meeting in Algiers to discuss
the effect of failling oil prices.
City headlines 500 Newsfile 520