Punch Pubs sold to US private equity investor Fortress
by Jasper Jolly from US news | The Guardian on (#5T2QW)
Deal for almost 1,300 British pubs thought to be worth up to 1bn
Punch Pubs has been bought by the private equity investor Fortress in a deal for almost 1,300 British pubs thought to be worth as much as 1bn.
The company's pub landlords employ about 20,000 people, although Punch employs only 280 people directly.
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