Summary
Pubs and leisure group Whitbread yesterday confirmed it had conditionally agreed to sell its David Lloyd gym business for pounds 925m.
Luton-based Whitbread is selling the business, which has outlets in South Gosforth, Newcastle, and Thornaby, Stockton, to Versailles Bidco, the bid vehicle of private property company London & Regional and Bank of Scotland.See the full content of this document
Extract
Whitbread On Brink of Gyms Deal
The company plans to use the cash to reduce debts but could also expand its 470-strong Premie...
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