Home Business NewsBusiness American group pulls out of Marston’s takeover

American group pulls out of Marston’s takeover

by LLB Editor
11th Feb 21 12:11 pm

 Marston’s today said that it noted by Platinum Equity Advisors confirming that it does not intend to make an offer.

A statement from Marston’s said: “The board continues to believe that Marston’s is well placed to benefit from the opportunities in a post Covid-19 trading environment, following the completion of the SA Brain transaction and harnessing factors such as a reduction in on-trade industry supply, and increased home-working that will benefit pubs in suburban locations.

“Marston’s has a strengthened balance sheet following the creation of the synergistic joint venture with Carlsberg and significant cash headroom, enabling it to continue to absorb the impact of the temporary Government restrictions.

“We welcome the continued nationwide rollout of the vaccine programme and look forward to rebuilding trading momentum once restrictions are lifted,” Marston’s said in a statement.


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