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Fortune

Ryan Hogg

Morgan Stanley is reportedly in the market for 1,000 British pubs

Morgan Stanley Stonegate Stonegate Group The Times of London United Kingdom Altus Cerberus Fitch

(Credit: John Keeble—Getty Images)

Britain's pubs face more doom on the horizon, with investment bank Morgan Stanley reportedly in the market to sweep up a host of distressed pubs from the country's biggest operator.

One of the world’s biggest investment banks has bid to buy around 1,000 pubs from Stonegate Group through its real estate investment arm, the Times of London reported, citing finance industry sources.

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