Celtic Inns is nearer to its target of 200 tenanted pubs with the purchase of two sites in Cardiff. Celtic has acquired The Pontardawe Inn and The Monkstone Inn in Rumney, Cardiff, where it plans to invest £100,000 in a refurbishment project. The company, which currently has 61 sites, is majority owned by Royal Bank of Scotland Equity Finance. The same bank provides loan finance to Celtic. Duncan Murray, one of the company’s two chief executives, said, "Celtic Inns is committed to the tenanted approach of operating pubs. "These two latest acquisitions are a measure of our appetite for growth, and we are delighted with the quality of the operations we are inheriting. "With the active support of our funders, Celtic Inns is in expansion mode and further purchases are in the pipeline."