Spirit has briefed Lazards and Colliers CRE to sound out potential buyers for 300 of its 2,470 pubs, according to the Financial Mail. The newspaper says they could fetch £600m in a sale-and-leaseback deal and pave the way for a stock market flotation. Details of the sale are expected to be circulated in a couple of weeks' time. Several potential buyers are believed to have already come forward for the outlets which include some of those that came with Sprit's £2.5bn purchase of Scottish & Newcastle's estate last year. Spirit is still mulling over what to do with the Premier Lodge hotels it acquired last year from Scottish & Newcastle, the Mail on Sunday says, adding that it is likely to sell the properties on. Financial Mail 18/01/04 page 4 Financial Mail 18/01/04 page 4