Gerald Ronson’s Heron International is one of the leading contenders to buy Granada’s motorway-service chain, Welcome Break. Other contenders include Shell, in partnership with McDonald’s and Whitbread.
Granada, which two weeks ago issued sales memorandums to about 40 companies, has asked for indicative bids to be submitted this week. The price is likely to be around £350m.
- The Sunday Times Business 15/12/96 page 1
