21st May 2019 06:50
LONDON (Alliance News) - Private equity firm OpCapita is among a number of investors interested in buying Majestic Wine PLC's store network as the wine seller plans to become an online-only retailer, Sky News reported on Monday.
Sky News reported that OpCapita, which is run by former investment banker Henry Jackson, has been told it must pay GBP100 million for the stores.
Majestic Wine and its advisers are keen to close a deal by mid-June, the news agency reported citing sources. Majestic Wine will then use the the capital generated by the sale to expand the growth of its Naked Wines business.
Majestic Wine shares closed up 6.4% at 266.00 pence each on Monday.
https://news.sky.com/story/former-comet-owner-wants-to-toast-100m-majestic-wines-deal-11724788
Related Shares:
Naked Wine