Capco says no approach from Nicholas Candy, talking to Delancey about Earls Court sale - Reuters:
Capital & Counties Properties Plc (Capco) (CAPCC.L) said on Monday it had not received any overtures from luxury property developer Nicholas Candy after one of his investment funds said it was considering a cash offer for the 85-year old company.
Capco also said it was in exclusive talks with investment firm Delancey regarding a possible sale of its interests in the Earls Court area of west London.
The Sunday Times reported that the Candy brothers, Nick and Christian, held early stage talks with Saudi Arabia’s Public Investment Fund about a joint move on UK-based Capco, which has a market value of about 2.1 billion pounds ($2.71 billion).
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