BIL set to bid for remaining Thistle shares

21 March 2003 by
BIL set to bid for remaining Thistle shares

BIL International, the majority shareholder in Thistle Hotels, is considering making an offer for the remaining shares in the UK hotel group.

BIL confirmed its board had met last week to discuss a possible offer for Thistle at a "modest premium", but declined to confirm whether an offer would be forthcoming. BIL already has a 46% stake in the group.

Last November Thistle and BIL both dismissed speculation that the hotel group was on the verge of being taken over. At the time it was thought BIL was considering selling its stake in Thistle to Jersey-based investment company Orb Estates.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking