First Leisure has confirmed the sale of its family entertainment arm for £111.5m to Moatdale.
The purchaser is a 50:50 joint venture between Duke Street Capital and Allied Leisure. Allied has taken a 3% share in Moatdale and will sell its bowling assets to the newly formed company.
The deal gives Allied a 40% share of the ten-pin bowling market.
Financial Times 17/08/99 page 16
The Daily Telegraph 17/08/99 page 23, page 25 (City Diary)
The Independent 17/08/99 page 15
The Times 17/08/99 page 26
The Guardian 17/08/99 page 21
