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Wales Online
Wales Online
National
John Jones

Brains 'to sell 100 of its pubs in £100m deal', reports say

Brains Wales

One of Wales' leading brewers SA Brain is set to sell another 100 of its pubs in a huge £100m deal, according to reports.

The iconic Welsh brewing company is close to agreeing a deal to offload 100 of its pubs to a consortium including Song Capital and Cerberus Capital Management which formerly owned Admiral Taverns, according to Sky News.

The broadcaster is also reporting that the proceeds from the deal is expected to be used by the Brains' family shareholders to pay down debt.

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