Keepmoat chief executive Tim Beale has defended the structure of the leveraged buyout used by European investment firm Aermont Capital to purchase the UK housebuilder.

In his first comments since Aermont paid around £700m to buy £405m turnover Keepmoat at the end of October, Beale said the deal used an “eminently appropriate structure” and would allow Keepmoat to continue “business as usual”.

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