Brakspear agrees 106million pound sale

21-Nov-2006

Related topics: Company & City News, Drinks & Brands News

Brakspear has agreed a £106million bid from the JT Davies Group.

Brakspear agrees 106million pound sale

Brakspear has agreed a £106million takeover bid from the JT Davies Group.


Brakspear said its independent directors intend to unanimously recommend the 915 pence per share offer.


Michael Davies, chairman and managing director of JT Davies, which owns 51 tenanted pubs in London and the south-east, said: "The enlarged business will benefit from a quality estate of predominantly freehold pubs and the strong relationships with both tenants and suppliers built up over many years."


Brakspear's management team has been invited to stay on.


Thames Valley and Chiltern-based Brakspear operates 104 tenanted pubs, of which 102 are freehold and 2 leasehold.


A Brakspear spokesperson said: "Brakspear branding of its pubs will remain and JT Davies will be re-branding its 51 pubs as Brakspear."


She added JT Davies' wine business Mayor Sworder will supply the enlarged pub estate, while Wychwood, which acquired Brakspear's brewing operations in 2004, will continue to brew Brakspear brands.

Find us on Facebook

Spotlight

Legal Q&A: Opening a cinema club and assault charges

Legal Q&A: Opening a cinema club and assault charges

This week's legal Q&A asks what you should do regarding personal licences and being charged with assault,...

Five minute guide to Champagne, Prosecco and Cava

Five minute guide to Champagne, Prosecco and Cava

It may, in the past, have been associated with indulgence and special occasions, but all that is...

Legal Q&A: Nudity, noise and measuring down

Legal Q&A: Nudity, noise and measuring down

This week's legal Q&A features issues to do with 'regulated entertainment' and nudity, noise abatement notices and...

Drinks promotions: top legal tips

Drinks promotions: top legal tips

In this top tips series we continue our analysis of the practical implications of the changes to...

Follow us on