European Leisure buys 18.5% of rival

In what could be a prelude to a takeover bid, European Leisure has acquired an 18

In what could be a prelude to a takeover bid, European Leisure has acquired an 18.5 per cent stake in Waterfall Holdings, a publicly-quoted rival snooker club operator in Britain.

The stake was purchased from First Leisure Corporation for £2.9 million sterling. Page 2

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