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Safestay PLC on Friday said it is in talks regarding its possible takeover, while noting that no firm offer has been made so far. The London-based hostel operator confirmed it is in discussions with Infill Capital Partners over a possible takeover after the investment firm’s website referred to a potential £40.9 million take-private deal. Safestay shares more than doubled to 30.00 pence each on Friday around noon in London, after closing at 13.50p each on Thursday. Safestay said it has granted limited due diligence access and that discussions remain ongoing, but stressed that no firm offer has been made and that there is no certainty a bid will emerge. Under UK takeover rules, Infill Capital must announce a firm intention to bid or walk away by August 7. Last week Monday, Safestay had reported that revenue fell to £20.6 million in 2025 from £22.5 million in 2024, as challenging trading conditions across Europe weighed on performance. Pretax loss widened to £10.1 million from £3.1 million, reflecting lower earnings alongside £6.0 million of non-cash impairment charges and a £1.4 million loss on asset disposals. Safestay said liquidity improved and gross debt reduced to £14.1 million from £19.5 million following property sales. While trading remains affected by the Middle East conflict, tourist levies, and cost pressures, the board had said it remained confident in Safestay’s long-term growth prospects and continued to evaluate strategic options, including further disposals and sale-and-leaseback transactions. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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