Film studio, Pinewood Shepperton has again received a fresh takeover approach less than two weeks from its first bidding. The first bid was claimed by Peel Holdings and was valued at £88m.
Pinewood, which was the main film studio for the fourth sequel of Pirates of Caribbean franchise and the final sequel of Harry Potter film, claimed that they have received another bid from a third party, which may or may not be the lead bidder.
Peel Holding is presently holding 29.8% share of this 76-years-old film studio and claimed to pay £88m, which gives a value of 190p per share.
Pinewood Shepperton said on Wednesday that a “further announcement will be made in due course.”
Pinewood also reported that there has been 31% rise in pre-tax profits and have reached to £5.8m. The total profits have increased by 8% and have reached to £43.4m year on year. The net debt has reached at £42.7m at year end.
It has also announced that investment plans in small British films would increase the success life Oscar winning movie, the King’s Speech.
Commercial property group Peel has leased part of the MediaCityUK site in Salford. It has announced its bid on 8 April this year.
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