Persimmon Plc (LSE:PSN) is considering making a GBP-1-billion (USD 1.28 billion/EUR 1.18 billion) takeover offer for local rival Cala Group (CALA Group (Holdings) Limited), which is owned by insurance and financial services provider Legal & General Group Plc (LON:LGEN), Sky News reported citing sources. The deadline for submitting bids is allegedly this week. According to insiders, cited by the media, Persimmon stands a big chance of winning the auction for Cala, whose homes have a considerably higher average sale price compared to those of Persimmon.

Other potential bidders include local homebuilders Taylor Wimpey plc (LSE:TW.) and Avant Homes, according to analysts quoted by the media.