EasyHotel announces intention to delist from London Stock Exchange

20 April 2020 by
EasyHotel announces intention to delist from London Stock Exchange

Super-budget hotel operator EasyHotel has announced its intention to delist from the London Stock Exchange on 19 May.

The decision comes after investor consortium Bidco took control of the company in August last year.

Bidco was a newly incorporated company owned by a consortium of Cadim Fonds, part of Canadian real estate company Ivanhoé Cambridge and real estate firm ICAMAP.

The hotel group has said: "The board believes that the cancellation is in the best interests of the company and shareholders as a whole."

In September last year EasyGroup founder Sir Stelios Haji-Ioannou described the bid to take the company private as "a colossal waste of money".

EasyHotel reports £3.5m loss despite revpar rise >>

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.

close

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