Hotel chain sold for £120m

A Japanese financial services group said today it had snapped up UK hotel operator Menzies for £120m (€169.4m).

Hotel chain sold for £120m
Mon, 03 Jan, 2005 - 12:33

A Japanese financial services group said today it had snapped up UK hotel operator Menzies for £120m (€169.4m).

Nikko Principal Investments Ltd (NPIL), the European merchant banking arm of Tokyo-based Nikko Cordial Corporation, said it had bought the four-star hotel chain as a potential acquisition vehicle.

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CourtsBusinessHeathrowPlace: UKPlace: TokyoPlace: DerbyPlace: OldhamPlace: WalsallPlace: EdinburghPlace: BournemouthPlace: WoburnPlace: BedfordshirePlace: CoventryPlace: SalcombePlace: south DevonPlace: Woodford BridgePlace: LondonPlace: NewcastlePlace: Stourport-on-SevernPlace: WorcestershirePlace: BathPlace: Stratford-upon-AvonPerson: Nick MenziesPerson: Simon OaklandPerson: Mark ClarkePerson: MenziesPerson: NikkoPerson: Brian BerryPerson: NickPerson: BerryOrganisation: MenziesOrganisation: Nikko Principal Investments LtdOrganisation: NPILOrganisation: Nikko Cordial CorporationOrganisation: NikkoOrganisation: Royal Bank of Scotland
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