Brixton examines takeover bids

X2 2 Brixton announced to the stock exchange this morning that they were in discussions about a possible takeover.

They said: "following the receipt of preliminary approaches relating to possible offers for the Company, it has entered into discussions with a small number of parties. These discussions are at a very early stage and there can be no certainty that any offer will be made".

They went on to say that they were still looking at other ways of dealing with a possible loan covenant breach, such as raising equity, or making further disposals. They recently disposed of £70m of West London assets and made a first letting at the two-storey Heathrow shed, X2 (pictured).

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