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Evening Standard

Business

Oscar Williams-Grut

Photo-Me CEO Serge Crasnianski makes lowball takeover bid

Photo-Me runs photo booths across the world
(Picture: Getty Images/iStockphoto)

The chief executive of photo booth and vending machine operator Photo-Me has tabled a lowball takeover bid for the company.

Serge Crasnianski, a 79-year-old Frenchman who made his name with an automatic key-cutting machine, has announced a 75p-a-share offer, valuing the business at £284.5 million.

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