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Suitors line up for Wallace Arnold

 

FIRST Choice, TUI and bank ABN Amro have all been
tipped as likely bidders for coach operator Wallace Arnold, which has been put
on the market for £60 million.

Venture capitalist 3i, which has a
majority shareholding in Wallace Arnold, has confirmed it wants to sell the
stake after being approached by possible buyers just before Christmas.

A spokeswoman for 3i said: “I can confirm Wallace
Arnold is for sale. From our perspective it is a well-managed business
operating in a niche in the leisure industry.”

 

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