Deutsche Bank ponders Laurel sale

From The Publican


Related topics: Company & City News

Deutsche Bank, owner of Laurel Pub Company, is said to be pondering a sale of the managed house business.


Renewed speculation, reported in the Sunday papers, suggests Deutsche is looking to cash in after Laurel failed in its bid to buy Scottish & Newcastle Retail.


Laurel was beaten to the £2.5bn business Spirit Group.


The German bank formed Laurel went it bought 3,000 tenanted and managed pubs from Whitbread in March 2001. It sold the tenanted arm to Enterprise Inns last year.


Chief executive Ian Payne has faced intermittent rumours about Deutsche Bank's long-term commitment to the business.


A source at laurel told The Mail on Sunday: "Any company backed by private equity is always up for sale if someone comes along with the right sum of money."


The other option is to float on the stock market but it is thought Laurel would need to increase its 600-strong mass for a successful public debut.

Find us on Facebook


Poppelston Allen: Understanding recorded and live music law

10 tips on the Live Music Act

Never has the law relating to live and recorded music been so complex. Here is a brief...

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

Follow us on