According to information obtained by the News, Persimmon, which is valued at £4.74 billion on the market, is considering making a proposal for Cala before the deadline for bids next week.
According to city sources, Cala would be a serious candidate to purchase, as their average sale price is far greater than Persimmon’s.
Insiders predict that Cala, which Legal & General (L&G) is auctioning off, will fetch a bid of roughly £1 billion.
In the event that Persimmon wins the auction, it will be the largest acquisition in years for the York-based business.
