Mitchells & Butlers will explore “alternative financing options” such as securitisation of its pubs when it demerges from Six Continents (6C).
6C published listing particulars for the soon-to-be-demerged business.
The InterContinental Hotels business will look closely at the cash tied up in property in a “rigorous” hotel-by-hotel review. 6C hopes the measures will help fend off possible bids for the two new businesses.
References: Financial Times 18/02/03 page 20 (Observer), page 22 (Lex), page 24., The Guardian 18/02/03 page 23, The Times 18/02/03 page 22 (Business Editor’s Commentary & Need to know), page 23, page 26 (City Di
