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The largest pub company in the UK, Ei Group, will sell off the lion’s share of its commercial properties to a US hedge fund in a deal worth £348m. Ei today said it will sell 370 properties to Tavern Propco, a newly-incorporated private fund owned by Davidson Kempner Capital Management. The pub owner and operator, [...]
Shares in pub chains plummeted after MPs voted to let landlords buy their beer on the open market, as investors heeded industry warnings that the legislation would have a "hugely damaging" effect. Enterprise Inns led the fall, losing 15.3 per cent in mid-morning trade. Punch Taverns also shed 12. 5 per cent. Shares in Marston's and [...]
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