Thursday, 05 January 2017 12:47 pmCity sources the brothers are considering a sale of Metro International Trade Services, a metal warehousing company, after receiving approaches from potential buyers. I understand one of the purchasers is a mystery Chinese company.
Thursday, 22 December 2016 10:26 amIndeed, the picture story on the front page of the excellent The Times business section is about how a Chinese company (one of them called Shandong Ruyi Group) is in talks to purchase Acquascutum, the British luxury maker of raincoats, for $120 million.
Monday, 19 December 2016 5:19 pmLast week private equity firm Primary Capital sold Leisure Pass to rival Exponent (owner of Big Bus tours) but from what I'm told Chinese outfits including Ctrip (which recently bought Skyscanner for £1.4 billion), Fosun (owner of a stake in Thomas Cook) and Chinese private equity firm Honey Capital (owner of Pizza Express) all took a look at Leisure Pass during the auction process.
Thursday, 15 December 2016 7:02 pmWhilst little old Betaville was the first to reveal that a Chinese-led consortium - thought to include Beijing Watertek Information Technology - approached the business in the summer about a takeover deal I also made it clear in my previous article the offer had been REJECTED as it had not been high enough and essentially it wasn't/isn't clear what would happen next. In case you don't recall I have provided the key relevant paragraph from Betaville's previous article:
Sunday, 30 October 2016 1:22 pmThese people also revealed to little old Betaville that the consortium's bidding vehicle is called - wait for it - the "Saxon Infrastructure Distribution Company".
