HBOS considers Quintan approach

Wembley Arena owner Quintain Estates & Development could be sold for £1.2bn (€1.77bn) after banking giant HBOS confirmed today it was eyeing the group for a takeover.

HBOS said it was in the early stages of “evaluating its options” after reports suggested it was lining up a bid following the bank’s move to snap up a 11.9% holding in Quintain last week.