Britain’s biggest pub company has appointed advisers to look at a potential sale of its commercial property division in a deal that could value the business at up to £300m.
The Times understands that Ei Group, formerly Enterprise Inns, has hired Rothschild, the investment bank, to help it to consider options for the business, including a sale of some or all of the portfolio of 351 properties.
Enterprise Inns was founded in 1991 by Ted Tuppen, its chief executive until 2014, to take advantage of the Beer Orders to buy packages of pubs from big brewers including Bass, Whitbread and Scottish & Newcastle and other pub companies spawned by the regulatory shake-up.
