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OFT decision on Pinewood deal

Today (Monday) is a red letter day for a United Kingdom Office of Fair Trading investigation into a Manx firm's move to buy the historic Pinewood Shepperton studio complex.

Peel Group wants to buy the complex, home to the James Bond and Harry Potter movies, for around £96 million.

But the OFT is looking into whether the firm, which also owns MediaCityUK in Manchester, would lessen competition through the deal.

An OFT spokesman described the probe as a standard merger investigation and said it would examine 'whether the deal may be expected to result in a substantial lessening of competition'.

The OFT will make a decision today.

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