RBS Sells Tenanted Pub Business To Heineken For GBP422 Million
02 Dezembro 2011 - 5:38AM
Dow Jones News
Royal Bank of Scotland Group PLC (RBS.LN), the largely
state-owned U.K. bank, Friday said it has sold its tenanted pub
business to a subsidiary of Heineken N.V. (HINKY) for GBP422
million.
MAIN FACTS:
-The business comprises 918 pubs across the U.K., and has been
operated since 1999 by the Heineken subsidiary--Scottish &
Newcastle Pub Company (Management) Ltd.--under a management
agreement.
-Shares closed Thursday at 1,267 pence valuing the company at
GBP1.66 billion.
-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308;
peter.evans@dowjones.com
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