News

UK: M&B to return £500m to shareholders

Most popular

Diageo/LVMH move for Pernod won't wash

just-drinks speaks to Pernod CEO Alex Ricard

How to win the marketing war in spirits

Where will Pernod focus its attention in 2019-21?

The just-drinks Analyst returns

MORE
As part of a securitisation of its pubs and restaurants, the UK pub company Mitchells & Butlers is to return £500m pounds (US$831m) to shareholders.

The £1.9 billion securitisation is being seen as a move to defend against any possible takeover bids for the group, after it demerged from Six Continents in April.

M&B intends return the money through a special dividend of 68 pence per share and use the rest of the proceeds to refinance its existing debts.


Related Content

Quintessential Brands unveils US$13m Dublin whiskey distillery

Quintessential Brands unveils US$13m Dublin whiskey distillery...

How important is the plastic crisis? More important than Brexit - Sustainability Spotlight

How important is the plastic crisis? More important than Brexit - Sustainability Spotlight...

Heineken lowers CEO pay by 9%

Heineken lowers CEO pay by 9%...

Treasury Wine Estates brings Embrazen wine brand to UK - market data

Treasury Wine Estates brings Embrazen wine brand to UK - market data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?