Stonegate is buying Ei Group in a stunning £2.96bn deal. It’s a big one, but is it a good one?

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The acquisitive Stonegate has just made its biggest acquisition yet. Buying Ei Group transforms Stonegate into the biggest pub operator in the UK overnight, less than a decade after it was founded in August 2010 by TDR Capital to purchase 333 pubs from Mitchell & Butler.

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