Shares in Aukett are suspended as the listed company confirms it is negotiating to buy Fitzroy Robinson.

Aukett has confirmed that it is negotiating to buy fellow architect Fitzroy Robinson. The listed practice said it made the announcement to end press speculation about a potential acquisition.

Trading in Aukett’s shares has been suspended by the Stock Exchange while negotiations continue.

Aukett chairman Jose Luis Ripoll said that he would consider expanding the company by merger or acquisition when he took over the company in April. He said that as a plc Aukett needed to grow in order to compete.

Formed in 1956 Fitzroy Robinson is based in Central London and has offices in Bristol and Moscow.