Pub chain Mitchells & Butlers (M&B) confirmed on Monday it is in talks with Punch Taverns to acquire its 869 Spirit-managed pubs. The pub group also said that three private equity firms are studying the acquisition of a minority stake in the company. The investors are Permira, Bain Capital and a joint venture of Blackstone Group and CVC Capital Partners, according to the Financial Times.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
