London-based Fuller's sells 37 pubs to Admiral Taverns for £18.3M, a £1.6M premium over gross asset value.
Fuller's, a London-based pub operator and brewer, sells 37 pubs to Admiral Taverns for £18.3M, a £1.6M premium over gross asset value. This expands Admiral's South-East portfolio to 300 pubs. Fuller's will use proceeds for balance sheet strengthening and future acquisitions, retaining 154 pubs in its Tenanted Division and 179 in Managed Pubs and Hotels.
May 29, 2024
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