29th Jul 2015 05:35
LONDON (Alliance News) - London-focused property company Quintain Estates & Development PLC is in talks to be taken over by US private equity house Lone Star Funds, Sky News reports.
Quintain is understood to be in talks to be acquired by Lone Star for around GBP650 million and Sky said confirmation of the talks may come on Wednesday, according to a source close to Lone Star.
Quintain was responsible for developing the Millennium Dome site in Greenwich prior to selling it in 2009 and owns a large amount of land around Wembley Stadium in north west London.
http://news.sky.com/story/1526825/wembley-arena-owner-quintain-lands-650m-bid
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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