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’…And banks nix M&B-Tchenguiz deal
The volatility in the credit markets claimed another victim on Thursday, as UK group Mitchells & Butlers was forced to shelve a £4.5bn pub joint venture with Robert Tchenguiz, the property billionaire.
‘Credit’ strikes again – M&B property JV under threat
Mitchells and Butler, the pubs operator, on Thursday said that a planned property joint venture with billionaire investor Robert Tchenguiz was under threat from the turmoil in the credit markets.
The plan to sell 50 per cent of a £4.5bn property JV,
M&B confirms Tchenguiz talks
Mitchells & Butlers, the pub and restaurant group, could return up to £1bn to shareholders from a refinancing of its pub portfolio. The group, which owns All Bar One pubs, Harvester restaurants and Hollywood Bowl bowling alleys,
M&B in talks with Tchenguiz over properties
Mitchells & Butlers is in discussions with Robert Tchenguiz, the property investor, over a joint venture for its property assets, valuing them at £4.5bn, after coming under pressure to unlock the worth of its holdings.
Tchenguiz hints at return for M&B
Robert Tchenguiz has given his strongest hint yet that he is prepared to have a tilt again at pub group Mitchells & Butlers, reports the Telegraph. Speaking after the company unveiled solid sales figures,