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Al Fayed mulls bid for Pinewood

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Old 21-04-2011, 01:51 PM
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Default Al Fayed mulls bid for Pinewood

Mohamed Al Fayed has revealed himself as the rival suitor for the Pinewood Shepperton film studio.

"Mr Al Fayed confirms he is considering making an all-cash offer for Pinewood," said the Egyptian businessman in a statement to the London Stock Exchange.

"There can be no certainty that an offer will be forthcoming."

Any offer would be in competition to an ?87.8m takeover bid made earlier this month by Peel Holdings, a company run by billionaire investor John Whittaker.


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