Young & Co Brewery has agreed a deal to buy City Pubs for £162m.
Under the deal, Young’s will pay 108.75p in cash for each City Pubs share, as well as a small share swap. The total values City Pubs at 145p per share, or £162m.
The deal will allow Young’s to expand its managed trading estate by 50 pubs to 279, an increase of more than 20%.
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