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News

RBS sells GB pub network for £422 million to Heineken

Royal Bank of Scotland has sold a 918-strong pub network back to previous owner Scottish & Newcastle, now part of Heineken, in a £422 million deal as chief executive Stephen Hester continues to slim down the bank’s balance sheet. The acquisition of the Galaxy Pub Estate gives Scottish & Newcastle Pub Company full control of 80 more pubs in Scotland, including 26 in Edinburgh and 16 in Glasgow.

written on 04.12.2011 um 00:23.


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