Pubs and Bars

C&C to sell stake in Admiral Taverns for £55m

As part of the divestment, C&C has also negotiated a long-term supply agreement into the Admiral estate which includes its owned and agency brands

Drinks company C&C Group has announced the sale of its entire minority interest in Admiral Taverns to Proprium Capital Partners, with whom it originally invested into Admiral Taverns in September 2017, in a deal worth £55m.

It also confirmed the sale of the shares will be completed and consideration will be paid in three tranches during FY2023.

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