Tweet
Property investor Robert Tchenguiz has told the London Stock Exchange he is considering a bid for pub and restaurant operator Mitchells & Butlers.
Tchenguiz’s investment vehicle R20 issued the statement after its share value surged on rumour of an offer.
R20 admitted it was discussing forming a consortium with a number of parties to bid for the operator, which owns All Bar One, Harvester and O’Neill’s.
It added in a statement: “These discussions are at an early stage. As a result there can be no certainty that an offer will be made.”
Mitchells & Butlers has more than 2,000 managed pubs and restaurants in the UK and was created after Six Continents split its hotel and pub interests into two companies in 2003.
Tchenguiz already has significant interests in the pub sector through the Laurel Pub Company and leased-pub operator the Globe Pub Company.
Admiral to buy 127 Heritage Pub outlets >>
M&B and Whitbread linked to deals >>
By Chris Druce
Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.
Using foraged ingredients is nothing new but the trend has become more mainstream over the past two years. However, the wider use of foraged food in restaurants also carries a certain amount of danger.
Watch here
Best of Chef – now available online View it now
10 Feb 2012
05 Jan 2009
08 Feb 2012
06 Feb 2012
07 Feb 2012
31 Jan 2012
30 Jan 2012