S&N gets offers for Center Parcs

Article Abstract:

A number of parties are interested in acquiring Center Parcs, holiday villages, from Scottish and Newcastle, brewery. The brewery will spend the assets on cutting borrowing and expanding its retail and beer activities, which will improve the value of the company to shareholders. It has been speculated that the managing director of the UK division of Center Parcs, Peter Moore, would like to buy it, but the whole entity, including the three in the UK and ten in continental Europe and eight Pontins holiday camps, are on the market as one unit.

Center Parcs N.V.

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S&N confirms sale of Center Parcs

Article Abstract:

Scottish and Newcastle has sold its Center Parcs holiday villages to joint venture partners Pierre et Vacances and Deutsche Bank Capital Partners. Deutsche Bank Capital will take control of the three UK sites, while the 10 European sites will be jointly owned.

Deutsche Bank Capital Partners, Pierre et Vacances

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S&N close to sale of Center Parcs

Article Abstract:

Scottish & Newcastle are negotiating with French holiday company Pierre & Vacances and DB Capital over the sale of their holiday business Center Parcs. The deal which could be worth almost 700 million pounds sterling should be completed by October 2000.

Pierre & Vacances, Scottish & Newcastle

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