Wolverhampton& Dudley Breweries PLC
3 December 2001
3rd December 2001
THE WOLVERHAMPTON & DUDLEY BREWERIES, PLC ('W&DB')
DISPOSAL OF 44 NON-CORE TENANTED PUBS
The Board of W&DB is pleased to announce the disposal of 44 non-core tenanted
pubs to KUC, a subsidiary of Royal Bank of Scotland, for £5.75million. The
Pyramid Pub Management Company will operate the pubs for KUC.
As a result of this sale, W&DB has now exchanged contracts on disposals of non
core assets with a total value of £67 million since 23rd July 2001. Disposals
to a value of a further £4million have also been agreed.
Commenting, Ralph Findlay, Chief Executive said: 'This disposal achieves good
value for these assets and is another step in better focusing our business on
our core community estate and leading ale brands.''
The Wolverhampton & Dudley Breweries, PLC Hudson Sandler
Ralph Findlay, Chief Executive Andrew Hayes
Tel: 01902 329517 Tel : 020 7796 4133