RBS sells pubs business to Heineken for £422 million

Published 02nd Dec 2011

Royal Bank of Scotland said it had sold its tenanted pub business to Scottish & Newcastle Pub Company, a unit of the world's third-largest brewer Heineken NV, for 422 million pounds.

The business, which comprises 918 pubs across Britain, has been operated by Scottish & Newcastle since 1999 under a management agreement.

Source: ' Reuters '

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