7th Jan 2022 13:51
NewRiver REIT PLC - real estate investment trust focused on UK retail and leisure assets - UK Competition & Markets Authority confirms it has accepted the offer by Admiral Taverns to sell seven pubs in order to gain approval for its GBP222.3 million acquisition of Hawthorn Leisure REIT Ltd from NewRiver REIT. Within the chain of 688 community pubs, 7 locations were in areas where the CMA had competition concerns. The CMA says the undertakings were signed by Admiral and the merger therefore will not be referred to a Phase 2 review. Beer and cider maker C&C Group PLC has a minority investment in Admiral.
Current NewRiver REIT stock price: 92.50 pence, down 0.4% on Friday
12-month change: up 13%
By Tom Waite; [email protected]
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