There are few studios as iconic as Pinewood Studios based in Buckinghamshire. Star Wars and James Bond are just some of the massive blockbuster movies that have been made in the studios among hundreds of others. The studio has now been sold after some negotiations for a massive £323.3 million.
Aermont Capital have, after some negotiations, bought The Pinewood Group which includes their Pinewood Studios, Shepperton Studios and several off-shore hubs.
The purchase will allow Pinewood Studios to undertake the expansion they’ve been given planning permission for back in 2014. Pinewood have been planning to expand their facilities for some time now and this purchase will give them the boost they need to get this going.
This acquisition has come in light of the strategic review by Pinewood’s board for funding their future structure. They released an official statement on the sale, stating “The Board believes that this transaction provides our shareholders with an attractive offer. Moreover the Board believes that following the transaction, Pinewood and clients will benefit from greater opportunities in the years ahead and the Board intends to recommend the offer unanimously.”