Pinewood sees another takeover approach

Pinewood Shepperton, the owner of film studios used for the James Bond and Harry Potter movies, has revealed a new takeover approach.

The disclosure comes less than two weeks after it emerged that property firm Peel Holdings, whose projects include the MediaCityUK development at Salford Quays, had tabled a takeover proposal worth around £88m.

Pinewood said yesterday: “Since that date the board of Pinewood has received a further approach from an unconnected third party which also may or may or not lead to an offer being made for the company.”

Hide Ad
Hide Ad

The film company did not disclose the identity of the new suitor but still saw its shares rise yesterday.

Peel already has 30 per cent of the firm, while investment fund Crystal Amber has a 28 per cent stake in Pinewood despite its recent calls for new leadership at the business, which has former ITV chairman Michael Grade at the helm.

Pinewood, which has 34 stages, filmed the fourth instalment of the Pirates Of The Caribbean franchise, starring Johnny Depp, the final Harry Potter film and an adaptation of Charlotte Bronte’s 19th century novel Jane Eyre in 2010.

The Peel Group’s airports include Robin Hood Airport Doncaster Sheffield.

Related topics: