The acquisition of Admiral Taverns by Proprium and C&C Group has officially completed, as the pubco readies itself to “take advantage of the opportunities within our markets”.
At the same time Admiral has completed on its first package deal since its new backing was announced – the acquisition of 17 pubs from Heineken.
Admiral chief executive Kevin Georgel said: “I am delighted to welcome onboard our new investors. This transaction positions our business for long term growth, ensuring we have the right platform in place to continue the significant progress we have made over the last five years and take advantage of the opportunities within our markets.
“On the 1 November we announced the acquisition of 17 pubs from Heineken, in partnership with G1 Group. This acquisition is early testament to our commitment to our growth strategy and with the sale of our own business now complete, we look forward to reviewing further appropriate opportunities as and when they arise.”