Marston’s (GB:MARS) has released an update.
Marston’s PLC has divested its 40% stake in Carlsberg Marston’s Brewing Company (CMBC) for £206 million, sharpening its focus on its pub business. The deal significantly reduces Marston’s debt and is expected to be earnings accretive, as it continues its strategic partnership with CMBC through a brand distribution agreement. This move will enable Marston’s to capitalize on the UK pub market, leveraging its strong fundamentals to drive shareholder value.
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