The move by Mitchells & Butlers (M&B) to sell 333 drink-led pubs and late night venues to private equity firm TDR Capital has received the thumbs up from City analysts.
The O'Neills and Harvester owner this morning announced the sale of the "non-core" pubs for £373m to a newly-formed pub and leisure group created by TDR, called Stonegate Pub Company.
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