UK's HSS Hire Group hits over 5-month high on sale of Irish business

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02/04/2025 13:58

** Shares of HSS Hire Group HSS.L rise as much as 10.6% to 6.9p, their highest since October 2024

** Stock among top pct gainers across London

** International building materials distributor and DIY retailer Grafton Group GFTU_u.L to buy HSS Hire's Ireland unit for 31.6 mln euros ($34.2 mln) on a cash-and-debt free basis

** After completion of the deal, Grafton plans to operate the unit as part of Chadwicks, its distribution business in Ireland

** Grafton stock down 1.1%

** Including session's gain, HSS up ~15% YTD

($1 = 0.9251 euros)

(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com))