Britain’s biggest pub company yesterday unveiled its third share buyback in three years and hinted at a further return to shareholders.
Ei Group said that it would buy back £20m of shares on top of the £20m buyback started a year ago and completed in March and an earlier £25m buyback launched in March 2016 and completed the following January.
Analysts are predicting that the former Enterprise Inns could return further funds to shareholders from the estimated £400m of proceeds from the mooted sale of its commercial property division.
In July it hired Rothschild to advise on options for the business and yesterday it confirmed that it had received indications of interest from potential buyers.
