A major shareholder in Camden Lock Market said today it was business as usual at the popular London tourist attraction after a fire broke out at the site.
The shareholder, Market Tech Holdings Ltd (LON:MKT), said only a small section of the site would be closed to the public. The rest of the market, including the Stables Market and Union Street, will be open to visitors.
Market Tech is working closely with the emergency services to investigate the cause of the fire that tore through a building adjacent to the market hall area of Camden Lock. Seventy firefighter and 10 fire engines were sent to the site, the London Fire Brigade said.
The blaze was brought under control by 2.50am and no one was injured during the incident. About 30% of the first, second and third floors, and a third of the roof of the building, was reportedly damaged.
We now have ten fire engines and over 70 firefighters dealing with the #Camden Lock Market fire. Please avoid the area © @CamdenJohnny pic.twitter.com/bdi5HauCLr
— London Fire Brigade (@LondonFire) 10 July 2017
The incident happened ahead of Market Tech’s delisting from London’s main market tomorrow after its takeover by LabTech Investments becomes wholly unconditional.
LabTech Investments - owned by Playtech founder and Israeli billionaire, Teddy Sagi – already holds a majority stake of 71% in Market Tech.
It will buy the shares it does not already own for 188p, valuing the firm at £891.5mln. The deal, announced on 12 June, represented a 30% premium to Market Tech’s closing price the day before the offer.