Fuller, Smith & Turner Plc To Acquire Cotswold Inns & Hotels Ltd

  • Oct 23, 2019 BST
  • Team Kalkine
  • Fuller, Smith & Turner Plc (FSTA) has exchanged contracts to acquire Cotswold Inns & Hotels Ltd.
  • The acquisition, which comprises a collection of seven high quality, freehold country inns and hotels and eight freehold staff cottages in the Cotswolds, is for a total consideration of £40 million.
  • The acquisition is expected to complete on 31 October 2019 and will be funded from existing banking facilities of the company.
  • On 23rd October 2019, at the time of writing, GMT 09:39 AM, FSTA shares were trading at GBX 1,025.00, down by 10.00 points or 0.97 per cent against the previous day closing price.

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