Betaville Intelligence

RARE ALERT: Revolution Bars Group said to ... part 2

Tuesday, 28 November 2017, 10:41 am

Nightclub operator Deltic is laying the groundwork for fresh merger proposal with Revolution Bars Group by secretly buying a stake of around 3pc in the bar company.

According to sources claiming to be familiar with the matter, Deltic has been buying shares in Revolution since the beginning of this week and could announce the purchase of a 3pc stake prior to the Annual General Meeting.

Brokers at Stifel are said to be been accumulating a stake in Revolution on Deltic's behalf, said sources claiming to be familiar with the matter...

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