Guinness Peat objects to Thwaites’ board over plan to sell Stafford Hotel for £75m

Daniel Thwaites, the 200-year-old Lancashire brewer, faces a revolt from its biggest institutional shareholders over its plans to sell the Stafford Hotel in St James’s, Central London, for about £75 million.
Guinness Peat Group (GPG), which holds a more than 6 per cent stake in Thwaites, has written to the brewer’s board arguing that the mooted sale price for the historic hotel is tantamount to a “fire sale” and would cause “an immediate and material diminution in shareholder value”.

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