OCS to Take Over Mitie in Another Loss for London Market

OCS Group International Ltd. agreed to buy rival Mitie Group Plc for £3.1 billion, taking the nearly 40-year-old London Stock Exchange-listed company into private hands. The transaction is expected to provide a payout totaling £124 million that will be shared among about 50,000 Mitie employees. The article frames the deal as another loss for the London market, emphasizing the move away from public listing to private ownership. No additional financial breakdown or closing timeline was included in the provided text. The announcement highlights how corporate consolidation continues to reshape the UK services landscape for both shareholders and workforce stakeholders.