Macdonald Move Could Value Queens Moat Above (Pounds) 300m

Summary

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MACDONALD Hotels is planning a bid for the UK arm of Queens Moat Houses with Bank of Scotland and the billionaire Reuben brothers. The deal could value the chain at upwards of (pounds) 300m.

Industry sources say that, months after taking a 50% stake in Macdonald in a (pounds) 620m deal to take the company private, Bank of Scotland is ready to back management efforts to step up the pace of expansion with a big acquisition.

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Macdonald Move Could Value Queens Moat Above (Pounds) 300m

Under the terms of the proposed deal, Macdonald would take over the management of the 32-strong estate of Queens Moat in the...

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