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Island's Pinewood shares rocket in value

Thu, 11 Feb 2016

Taxpayer funded shares in Pinewood have rocketed. 

The UK film studio has issued a statement outlining its interest in carrying out a review "which could include a sale of the company" at a cost of £250 million.

Reports suggest it's looking for a £200 million expansion to attract bigger budget films.

Treasury Minister Eddie Teare says decisions are being made on whether to cash out - or take a punt on the shares drawing even more value:

 

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Media

• Eddie Teare MHK