Bailiwick Investments buys stake in future owners of Ronez

Friday 23 December 2016

Bailiwick Investments is to take a 13.4 percent stake in SigmaRoc, the company that is buying Ronez.

SigmaRoc last week announced plans to purchase Ronez with the deal being listed on the Alternative Investment Market of the London Stock Exchange and a dual listing on the Channel Islands Securities Exchange planned for the New Year.

The Board of Bailiwick Investments has now agreed terms to acquire a 13.4 percent stake in SigmaRoc, once the company has been listed early in January. Chairman David Lowe OBE commented:

"Bailiwick Investments is a Channel Islands-based company that primarily invests in local businesses, so we are delighted to be able to make this investment in SigmaRoc. It represents an excellent investment opportunity, including its purchase of Ronez.

"Ronez is an iconic name and its quarrying history can be traced back to 1869. Since then, it has grown and developed. It supplies the Channel Islands with aggregates, ready-mixed concrete, asphalt and precast concrete products, and undertakes road contracting services in Guernsey and Jersey."