• Britannia acquires Pontin’s

Britainnia Hotel Group has bought Pontin’s out of administration for a figure thought to be around £20m.

Alex Langsam, the owner of Britannia, said: "The prospects for Pontin’s are very exciting." Pontin’s attracted "a high level of interest from a broad range of investors such as wealthy individuals, private equity houses, property developers and trade buyers", according to Rob Croxen, joint administrator at KPMG.

See the full story here:
http://www.reuters.com/article/2011/01/28/pontins-idUSLDE70R1WN20110128

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