Shares in Safestay plc jumped 100% in one day after news broke of a potential takeover.

Real estate investment firm Infill Capital Partners revealed that it is considering a £40.9 million take-private move for the platform for booking hotels and hostels.

The deal may include a cash offer and an unlisted share alternative. 

Safestay says it has provided ICP with access to limited due diligence materials and discussions remain ongoing. No firm offer has been made.