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Pub and restaurant group Mitchells & Butlers raises £350m to maintain competitive position

Pub, bar and restaurant group Mitchells & Butlers (M&B) has completed its capital fundraise, securing more than £350m from shareholders. The Toby Cavery and All Bar One operator raised the funds to the tune of £350.51m through an open offer that will see it issue 167 million new shares. The raise sees shareholder groupings Piedmont, Elpida Group  and Smoothfield Holding being acquired under the Odyzean Group, which will hold 55% of the company’s issued share ca...
City Of United Kingdom Toby Cavery Elpida Group London Stock Exchange Smoothfield Holding

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