Punch Taverns agrees to sell 158 pubs for £53.5m
(ShareCast News) - Punch Taverns said it had reached an £53.5m agreement with a real estate trust to sell 158 pubs it deemed 'non-core.' The pub operator said the sale of the pubs to NewRiver Retail was at an average of £340,000 per pub, above total book value of £52.5m. In a statement, Punch said
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