C&C Group purchases stake in pub chain Admiral Taverns

C&C Group, the maker of Magners and Tennent’s, has announced that it has acquired Admiral Taverns in partnership with Proprium Capital Partners. C&C’s investment amounts to £37m, which represents 47% of Admiral’s issued share capital. Admiral runs an estate of 845 pubs through a tenanted model. Its management team will continue to lead and remain invested in the business.

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