IN BRIEF: Van Elle warns on profit as shareholders approve takeover

Van Elle Holdings PLC - Nottinghamshire, England-based engineering contractor - Shareholders at court and general meetings on Thursday overwhelmingly approve Van Elle's acquisition by Austrian construction firm Strabag. The proposal gets more than 99% approval from both sets of shareholders. Strabag UK Ltd, a subsidiary of Vienna-based Strabag SE, back in April offered to buy Van Elle for 52.3 pence per share, valuing the company's equity at GBP58.8 million. The deal now is expected to be completed in June. In announcing the vote, Van Elle warns that "challenging trading conditions" persisted throughout its financial year that ended in April, resulting in its financial performance being "weaker than anticipated". Adjusted pretax profit for the recent year was below the company's previous expectations, it says.

Current stock price: 51.00p

12-month change: up 28%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Van Elle