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FORMER HARRODS OWNER MAY BUY PINEWOOD SHEPPERTON

April 21, 2011 by · Leave a Comment 

Mohamed Al Fayed

Egyptian businessman Mohamed Al Fayed has confirmed that he is the unidentified “third party” who is considering making a bid to acquire Britain’s legendary Pinewood Shepperton studios. Al Fayed sold the Harrods department store chain in 2010 for $2.3 billion. He once owned a studio in Egypt and backed the 1981 film Chariots of Fire, produced by his son Dodi, who was killed in the automobile crash that also took the life of Princess Diana in 1997. In a statement, Fayed cautioned that “there can be no certainty that an offer will be forthcoming.” Nevertheless shares in Pinewood continued to climb, closing at £2.11, a 12-month high. Pinewood has already received a takeover offer from Peel Holdings, Pinewood Shepperton’s largest shareholder.