Peel Holdings confirm Pinewood purchase

Wed, 27 Apr 2011

A company run by the Island's wealthiest man is to buy Pinewood Shepperton film studios.

Peel Holdings, owned by John Whittaker, has the backing of the Pinewood Shepperton board.

The take-over will cost £96million, and is expected to be completed in June.

The studios have been used for numerous successful movies included the James Bond and Harry Potter franchises.

Mr Whittaker's company had faced a rival bid from businessman Mohamed al Fayed

Peel Holdings recently sold the Trafford Centre for £1.6billion.