Britain’s biggest pub company accompanied a positive trading update with a £150m bond issue and confirmed that it had appointed advisers for a possible £300m sale of its commercial property unit.
Ei Group said it had hired Rothschild to help it to explore “possible routes to optimise value” for its 376 properties, adding: “This may include the disposal of all or part of the portfolio.”
Ei’s commercial properties are run at arm’s length on long-term leases with no support from the company, unlike its 4,700 pubs.
