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Punch rules out administration option in restructuring plans

The Rose & Crown, Coventry
The Rose & Crown, Coventry

THE board of Punch Taverns has ruled out any pre-pack administration deal as a way of resolving ongoing restructuring proposals.The pubco announced in February that it had agreed a set of restructuring proposals which it hoped would save the business millions of pounds and release cash for investment.Since then the group has continued to engage with shareholders and as part of the consultation yesterday held a general meeting.In a statement, the Burton-based business said: “A wide range of views was expressed, including the f... for the full story register now for free or login below...

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