4th Nov 2019 16:17
(Alliance News) - Christie Group PLC on Monday said its agency and advisory services unit Christie & Co has confirmed the sale of 137 Marston's PLC pubs to Admiral Taverns for GBP44.9 million.
Christie said the disposed portfolio includes a mix of pubs from across Marston's tenanted and franchised divisions, comprising mainly smaller wet-led pubs.
"We advised Marston's that the optimal route to value was best realised through marketing the portfolio as a single package," said Chris Day, global managing director at Christie & Co.
"We're delighted that Admiral Taverns were the successful bidder and look forward to seeing them execute their strategy to grow value," added Day.
Christie shares were trading 3.4% lower in London on Monday at 100.00 pence each.
By Evelina Grecenko; [email protected]
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