Britain’s pub industry is set for a shake-up after the company behind Yates’s, Walkabout and Slug and Lettuce agreed to buy Ei Group, the largest owner of tenanted pubs in the country, in a £3 billion deal.
Ei Group, formerly called Enterprise Inns, said it had agreed a 285p-a-share deal with Stonegate Pub Company valuing its equity at £1.27 billion. Including its net debt, the takeover equates to an enterprise value of £2.97 billion.
Britain’s pub industry is set for a shake-up after the company behind Yates’s, Walkabout and Slug and Lettuce agreed to buy Ei Group, the largest owner of tenanted pubs in the country, in a £3 billion deal.
Ei Group, formerly called Enterprise Inns, said it had agreed a 285p-a-share deal with Stonegate Pub Company valuing its equity at £1.27 billion. Including its net debt, the takeover equates to an enterprise value of £2.97 billion.
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