Mitchells & Butlers (M&B) has sold tenpin bowling chain Hollywood Bowl for a total of £39m.
AMF Bowling will buy the company, which was founded 15 years ago and has 24 bowling centres throughout the country.
M&B has sold all the operations and leasehold interests of Hollywood Bowl to AMF Bowling for £27m. The transaction is expected to complete on 13 August 2010.
The company will sell the remaining freehold property interests in four of the sites for at least £12m in due course.
Commenting on the transaction, Adam Fowle, chief executive, said: "This further disposal of non-core assets is another important step towards focusing the business on our market-leading growth brands."
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By Neil Gerrard
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