8 July 2024 - disposal of brewing interest
Marston's has announced that it is to sell its 40% stake in Carlsberg Marston's Limited to Carlsberg for £206m in cash. The proceeds will be used to reduce group debt and will leave the group as a pure play hospitality group focused on pubs. The company has a predominantly freehold estate of 1370 pubs and the disposal will allow the group to focus on this business where it sees opportunities for growth. The market seemingly approves of the move with the shares rising by 15% but the shares could have further . . .
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