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Big names to continue battle for Rok over the weekend

The battle for collapsed contractor Rok will continue over the weekend, administrator PwC has revealed.

Detailed discussions are taking place with several contractors over all three divisions of the social housing contractor.

Contractors including Mears, Balfour Beatty, Osborne, Leadbitter and Carillion are understood to have shown an interest in the firm, although it is unclear which remain in the running.

Mears chief executive Bob Holt told CNplus this afternoon: “We are still involved but we are not quite sure what is there for us. There is more insurance work than social housing, which is not our thing.”

He added: “We will look at it further over the weekend and speak to the administrator on Monday.”

PwC partner and joint administrator Rob Hunt said: “The last 48 hours has seen several parties undertaking due diligence on all three divisions. We cannot identify those parties at this stage, but many are well known names in the industry.

“We are encouraged by the progress made; dialogue is expected to continue over the weekend and we remain hopeful that we will be able to secure a sale of some of the remaining businesses. We are working closely with employees, suppliers and customers and should continue to update them.”

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