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Current price:
54.85p

Opening price: 59.10p
Day high: 59.55p
Day low: 54.35p
Previous close: 54.85p
as of 05 July 2020 08:30

Joint Venture between Marston’s Beer Company and Carlsberg UK

Following the General Meeting on 25 June 2020, shareholders approved the Joint Venture between Marston’s Beer Company and Carlsberg UK. Results of the meeting can be found here.

Upon completion, Marston's will hold a 40% stake in the Carlsberg Marston’s Brewing Company and receive a cash payment of up to £273 million. Carlsberg UK will hold 60% of the Joint Venture. This will allow Marston's to deliver on our debt reduction target whilst providing financial flexibility. We will be able to focus on our pub and accommodation business while retaining a substantial interest in a larger, more attractive brewing business. More information on the Joint Venture can be found in our news section.

Additional information

Sector classification

We are classified by FTSE as being in the Restaurants and Bars sub-sector of the Travel and Leisure sector.

Indices

We are included within the:

  • FTSE 250
  • FTSE MID 250 EX INVESTMENT TRUSTS
  • FTSE 350
  • FTSE 350 HIGH YIELD
  • FTSE 350 EX INVESTMENT TRUSTS
  • FTSE ALL-SHARE
  • FTSE ALL-SHARE EX INVESTMENT TRUSTS

Detailed information

Look at the Marston's PLC entry on the London Stock Exchange Website.

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