The negotiations are said to be at an advanced stage, with a conclusion expected some time during the fourth quarter. There has been considerable speculation concerning S&N’s plans for its pub estate. Options including securitisation or sale and leaseback are thought to have been discussed.
UK: S&N linked with pub sale
Scottish & Newcastle, the UK's largest brewing force, is reported to be in talks with the Royal Bank of Scotland regarding the sale of up to 1,000 of its 1,500 pubs.