According to press reports, the UK pub operator, Punch Taverns, is poised to announce plans to raise £300m to fund an acquisition programme.
It was suggested in the Sunday Times newspaper that CEO, Giles Thorley, is looking to finance the acquisition spree by refinancing the company’s 4,240 pub estate.
Punch is rumoured to have made a tentative approach to acquire rival pub firm, Pubmaster.
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