|
The Capital Pub Company has floated on the Alternative Investment Market (AIM) with an estimated market capitalisation of around £32.3m.
The group is selling its portfolio of 23 unbranded free houses, comprising 19,602,144 ordinary shares, to raise its market profile and to access capital for further purchases.
Chief executive David Bruce said: “The company intends to acquire either individual or small groups of unbranded, freehold, free-of-tie, managed pubs in Greater London; to make operational improvements to the pubs that it has acquired and to develop and/or dispose of the non-retail areas of any pubs with the aim of enhancing the return on the company’s investment.”
Photograph: Chief executive David Bruce and finance director Clive Watson
If you would like to get each issue of Spa Business and Spa Business insider magazines sent direct to you for FREE, plus the weekly Spa Business and Spa Business insider ezines, sign up now!
|
