Punch Taverns has bought 12 pubs from Honeycombe Leisure for £11.7m.
Honeycombe will retain contracts to manage the pubs under Punch’s ownership.
Punch said the deal was a template for similar agreements in the future.
References: Financial Times 17/02/03 page 24, The Times 17/02/03 page 22 (Need to know), The Independent 17/02/03 page 17
