Aggregate - comment

Aggregate have received the requisite approval to extend the VIC convertibles to September. This removes a major uncertainty in the short term and for the next weeks puts the focus squarely on the handling of its commitments to Vivion over its Fürst acquisition. Meanwhile, Aggregate are selling the QH asset, which we think should attract strong interest. We have recently been discussing scenarios about what the stricken developer might want to do with the liquidity.