Posted in Beer, Spirits, Wine.
Pub group Stonegate, which owns Be At One and Slug & Lettuce, has bought out the Ei Group in a deal worth £3 billion.
The takeover would mean that Stonegate Pub Group takes ownership of Ei’s 4,000-strong pub estate, adding to its current portfolio of 765 sites, which includes bar chains Yates and Walkabout. The pub company has offered all-cash terms, valuing Ei’s shares at £1.3 billion, making the deal itself worth £3 billion including debt.
The deal will make Stonegate the largest pub owner in the UK by a wide margin.
However, the companies agreed that terms would be altered...
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