According to a report in the Financial Times, the Russian billionaires, Simon and David Reuben, have emerged as late bidders for the Scottish & Newcastle (S&N) pub estate, valued at around £2.3 billion.
Some nine bidders were already thought to be interested in the pub estate including Spirit Group, Texas Pacific Group, Mitchell & Butlers, Laurel Pub Company, Pubmaster and Terra Firma.
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The Reubens, who made their fortunes in the alluminium business in the 1990s, recently made an audacious bid to acquire the prestigious London department store, Selfridges.
