The sale of Scottish & Newcastle Retail has been completed. Spirit Amber has announced today that it has acquired S&N’s managed pubs, restaurants and lodges business for £2,510m (US$4.3 billion). Spirit Amber has also changed its name to Spirit Group.
Tony Campbell, chairman of Spirit, said: “We are delighted with the timely completion of the deal. With an estate comprising some 2,500 pubs, Spirit will be the leading player in the managed pub sector.
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The sale has been completed following approval of the transaction by S&N shareholders at an extraordinary general meeting last week.
Completion of the transaction makes Spirit Amber the largest independent-managed pub operator in the UK.
