Luminar dampens MBO rumours

Luminar, a UK night club owner, has denied that it is in talks with Royal Bank of Scotland regarding a £250m (US$499m) management buyout led by chief executive Stephen Thomas.

“Whilst, from time to time, broad ranging discussions occur, there are no such discussions of this nature currently and there is no intention by the board to pursue any such transaction at this time,” Luminar said in a statement.

Listed Milton Keynes-based Luminar’s venues include the Jam House in Edinburgh and Lava & Ignite in West Tollcross.