Inactive Instrument

Ei Group plc

Equities

GB00B1L8B624

Ei Group Prepares To Sell Its Commercial Property Portfolio

November 21, 2018 at 12:00 am EST

Ei Group plc (LSE:EIG) is preparing for a potential sale of its commercial property portfolio, in a deal which could be worth more than £400 million. Ei Group said it had received indications of considerable interest' from potential buyers for the estate of more than 400 pubs. Ei Group is considering a disposal of all or part of the portfolio, which brings in annual rents of £29 million.

Latest news about Ei Group plc

Transcript : Ei Group plc - Special Call	22-12-09
Transcript : Ei Group plc - Special Call	21-12-10
Transcript : Ei Group plc - Fixed Income Call on Jun 04, 2020	20-06-04
Ei Group plc Announces Board Changes	20-03-03	CI
Stonegate Pub Company Limited completed the acquisition of Ei Group plc from Robert Walker, Simon Townsend, Neil Smith, Adam Fowle and Barclays Direct Investing Nominees Limited and other shareholders.	20-03-02	CI
Ei Group plc's Equity Buyback announced on March 15, 2019, has expired.	20-03-02	CI
Ei Group plc(LSE:EIG) dropped from S&P Global BMI Index	20-03-02	CI
Ei Group plc(LSE:EIG) dropped from FTSE 250 Index	20-03-02	CI
Ei Group plc(LSE:EIG) dropped from FTSE 350 (Ex Investment Companies) Index	20-03-02	CI
Ei Group plc(LSE:EIG) dropped from FTSE 350 Index	20-03-02	CI
Ei Group plc(LSE:EIG) dropped from FTSE 250 (Ex Investment Companies) Index	20-03-02	CI
Ei Group plc(LSE:EIG) dropped from FTSE All-Share Index	20-03-02	CI
Ei Group plc Announces Early Redemption of £150,000,000 7.50% Senior Notes Due 2024	20-03-01	CI
Ei : Slug and Lettuce owner gets go-ahead to become top pub group	20-02-14	RE
Ei Group plc acquired The King's Head from Punch Taverns Limited.	20-01-19	CI
Tranche Update on Ei Group plc's Equity Buyback Plan announced on March 15, 2019.	19-12-18	CI
CK Asset : Wetherspoon plans new pubs around Britain, creating 10,000 jobs	19-12-10	RE
Mitchells & Butlers : Pub operator M&B reports strong full-year profits; shares rally	19-11-20	RE
Ei Group plc Reports Earnings Results for Full Year Ended September 30, 2019	19-11-19	CI
Ei : posts higher annual sales, points to good start to year	19-11-19	RE
CK Asset : J D Wetherspoon first-quarter sales rise, sees in-line full year performance	19-11-13	RE
Ei : UK's Marston's to sell more pubs as profits slide	19-10-15	RE
Pink gin with strawberries: Wetherspoon patrons defy Brexit gloom	19-09-13	RE
Foreign trophy hunters scent bargains in Britain as pound weakens	19-09-13	RE
Foreign trophy hunters scent bargains in Britain as pound weakens	19-09-11	RE

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Company Profile

Ei Group plc, formerly Enterprise Inns plc, is a leased and tenanted pub company in the United Kingdom. The Company includes a portfolio of businesses comprising a range of operating models and trading styles. Its businesses include Ei Publican Partnerships, Ei Commercial Properties, Ei Managed Operations and Ei Managed Investments. Its Ei Commercial Properties business manages a developing portfolio of assets, which it leases to third parties on commercial property terms. Its business also provides asset management support for its leased and tenanted, and managed house businesses. The Ei Managed Operations business manages approximately 100 pubs with over 30 trading under its Bermondsey operation and approximately 70 under its Craft Union operation. It also develops standalone and residential sites on land that is surplus to pub requirements. The Company has over 4,400 properties that are run as leased and tenanted pubs.

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