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Fortress Investment Group to buy UK café-bar chain Loungers for £338 million, a 30% premium.
Fortress Investment Group is set to acquire Loungers, a UK-based café-bar chain with brands like Lounge, Cosy Club, and Brightside, for £338 million.
The offer values Loungers at a 30% premium, at 310p per share.
Loungers operates 280 venues across the UK and was founded in 2002.
The acquisition,pending shareholder approval, is seen as beneficial for Loungers' future growth and aligns with Fortress' strategy in the UK hospitality sector.
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El Grupo de Inversión Fortress comprará la cadena de cafeterías y bares Loungers del Reino Unido por 338 millones de libras, una prima del 30%.