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Punch set to unload thousands of pubs in bid to slash debt

Alun Thorne 29 Nov 10

Chef & Brewer pub owner Punch Taverns is drawing up plans to call time on nearly 6,000 pubs across the UK in a bid to slash its £3.1 billion debt.

Ian Dyson, the new chief executive, may hand the tenanted estate – that is pubs the Burton-on-Trent-based company owns but leases to independent landlords – to the group’s bondholders, according to reports…

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