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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.


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