Former Harrods Owner May Buy Pinewood Shepperton
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.