US private equity firm makes bid for Marston’s

Wolverhampton-based pubco Marston’s could be on the verge of being sold to a US private equity investor.

The company, which merged its brewing operation with Carlsberg last year, has received a bid from Platinum Equity Advisors.

A statement from Marston’s said: “The board will evaluate the Proposal with its advisers and a further announcement will be made in due course. There can be no certainty that any firm offer will be made for the company, nor as to the terms on which any firm offer might be made.”

Marston’s share price jumped by almost 20% on the news, before falling back slightly to 86.5p.

Marston’s owns almost 1,400 pubs across the UK – all of which are currently closed. In October, the company announced that it was set to cut 2,150 jobs.

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