1st Dec 2005 08:55
Punch Taverns PLC01 December 2005 Punch Taverns PLC ("Punch" or "the Company") Disposal of 203 pubs to Admiral Taverns Punch Taverns PLC announces the sale of 203 pubs to Admiral Taverns (Harmony)Limited for a total cash consideration of £40m. The sale is expected to completeon the 14th December. This sale is in line with the Company's stated intention to improve the overallquality of the estate by the disposal of non core pubs that do not fit its longterm strategy. 1 December 2005 ENQUIRIES: Punch Taverns plc Tel: 020 7868 8903Giles Thorley, Chief ExecutiveRobert McDonald, Finance Director College Hill Tel: 020 7457 2020Justine WarrenMatthew Smallwood This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Punch Taverns PLC