Peel has taken ownership of 71.1% of shares in Pinewood Shepperton.

Peel’s offer for the Pinewood shares, which closed at the end of last week, saw the Manchester-based company increase its stock from 13,766,500 shares to 33,574,818.

It is not enough to allow the MediaCityUK developer to delist the facilities group from the London Stock Exchange, a move which would require 75% of Pinewood stock.

Last month, Warren James Holding acquired a 15% stake in Pinewood.

The high street jeweller said its increase in shareholding is part of of its “ongoing strategy of building a long term strategic minority holding in Pinewood”.

 

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