Veris strategic review update due

COMMERCIAL property management group Veris is due to provide an update on its strategic review and future ownership at its annual general meeting next month.

Veris strategic review update due

The group – which owns the Irish Estates property management company and Vector facilities management brand here – has been reviewing its cost structure and mulling over a number of unsolicited takeover approaches for a number of months and said yesterday that the process is still ongoing, but that further details would be made available in late August.

Veris sold its logistics and storage/removals division – which included brands such as Nat Ross, Beverly Smyth and Oman Transport – in April.

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