TV rental groups discuss merger
Monday 15 February 1999
The two are thought to be lobbying the Government to allow the deal even though the businesses have a combined share of more than 80 per cent of the declining rentals market. Nomura paid pounds 980m for Thorn, the rentals group, last year and would be keen to combine it with Granada's business, which made a profit of pounds 92m in the year to last September. A sale would allow Granada, whose chairman is Gerry Robinson (pictured), to concentrate on its television, hotels and catering operations.
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