Pinewood group set to be sold

Pinewood Studios is set to be sold to 30% shareholder Peel Holdings after the board gave its blessing to accept an increased offer last week.

The deal was struck after Peel Group, owned by billionaire property developer John Whittaker fought off interest by Mohammed Al-Fayed by raising its bid to £96 million.

Former ITV chairman Michael Grade is set to retain his chairman status of the studio group despite criticism from another major shareholder calling for him to quit.

Current Pinewood projects include Tim Burton’s Dark Shadows feature film in Shepperton The Rob Brydon Show at Teddington. Tickets are currently available for the 13th and 25th May recordings, more to follow in July.

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