Veris shares rise by 33% as unnamed third party carries out due diligence

SHARES in Veris — the Dublin-headquartered commercial property and facilities management group — rose by 33% yesterday.

The move came after the company granted permission to an unnamed interested party to carry out due diligence on the business, in advance of a possible takeover offer being made for the group.

Earlier this month, Veris — whose main Irish assets are the Irish Estates property management company and the Vector facilities management brand — said that it would be providing an update on its strategic review and future ownership at its annual general meeting in August.