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James
Horler to quit La Tasca?
Property
tycoon Robert Tchenguiz has officially won his battle for control of
tapas bar chain La Tasca.
With his
latest bid being declared unconditional, speculation about how long
La Tasca chief executive James Horler will now stay with the business
is rife.
Tchenguiz
effectively won control of the 73-strong restaurant chain last month
when he trounced Café Rouge owner Tragus with a £123m
offer for the company.
However,
Tchenguiz's company, R20, Icelandic bank Kaupthing and private equity
group TFT, said they now owned, controlled or had received
undertakings to accept the offer from 53.9% of La Tasca's
shareholders making the offer unconditional.
As a result,
La Tasca's non-executive chairman John Barnes and non-executive
director Ian Edward have both resigned from the board and, according
to whispers in the City, Horler is unlikely to be far behind them.
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