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Investegate | Company Announcement

Investegate | Company Announcement

Young s adds City Pub Group to growing empire in £162m deal

Young's will add 50 pubs and more than 200 hotel rooms, with the group also reporting demand in London now higher than pre-pandemic

Young s snaps up City Pub Group in £162m deal

The offer of 108.75p a share in cash, plus Young s shares, represents a 46 per cent premium on City Pub Group s closing price on Wednesday.

Investegate |City Pub Group (The) Announcements | City Pub Group (The): Final Results

(the City Pub Group , the Company or the Group ) FINAL RESULTS FOR THE YEAR ENDED 27 DECEMBER 2020 The City Pub Group is pleased to announce its audited results for the 52 weeks ended 27 December 2020. The Group currently operates a predominately freehold estate of 45 wet-led pubs and a further four development sites in London, Southern England and Wales. Enhancements made during lockdown · Significant investment in our pubs to optimise them for outdoor trading and take advantage of the strong pent-up demand and expected boom in staycations · Streamlining of operations across the estate to improve the customer experience and enhance margins · Improved City Club app which now has over 100,000 active members

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