Press Releases
TVH & RHP End Merger Talks - 12/03/07
Thames Valley Housing (TVH) and Richmond Housing Partnership (RHP) have agreed not to proceed with their merger discussions.
Although the business ‘fit’ between the two organisations is good, there are a number of key differences which led to the decision to close discussions before embarking on costly due diligence work. Both organisations now plan to pursue other options, though discussions will continue between TVH and RHP on areas where collaborative activity might enhance service delivery.
Commenting on the decision in a joint statement, Peter Williams and Richard Petty the Chairs of TVH and RHP respectively, said:
“Naturally there is some disappointment that we are unable to agree on a way forward. Both organisations are successful, financially strong and ambitious. But there are, of course, differences between us in terms of history and business focus. We both now plan to pursue other options while working to ensure the good business relations between the two organisations remain strong.”
Further Information
For more information contact:
Alex Noonoo
PR & Marketing Manager
Thames Valley Housing
020 8607 0622
alex_noonoo@tvha.co.uk
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