Bovis Homes is poised to become the fourth biggest housebuilder in Britain after revealing that it is in talks to buy Galliford Try’s housebuilding business for more than £1 billion.
Bovis, a FTSE 250 company that sold nearly 4,000 homes last year, will be able to increase its output to more than 10,000 homes a year if the purchase goes ahead, putting its sales closer to those of Britain’s three leading builders — Barratt Developments, Persimmon and Taylor Wimpey.
