Southbank UK Plc, owner of Hayward Tyler Group Ltd, has announced that The Board of Nviro Cleantech Plc has made a proposal to Southbank UK Plc, which may or may not lead to an offer being made for the entire issued and to be issued share capital of Southbank. Should the proposal proceed it is expected that this will further strengthen the position of Southbank UK plc and Hayward Tyler Group Ltd.
Hayward Tyler Group is one of the oldest engineering companies in the UK and is a market leader in the design and manufacture of highly specialised pumps and motors for the oil and gas and power generation industries.
Further announcements are expected to be made in due course. Details of the proposal can be viewed at www.southbankplc.com. The original announcement can be viewed at www.nvirocleantech.com.
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