M&B rewards defence bank with £500m pubs deal

Mitchells & Butlers, the UK bar and restaurant group, called in Citigroup, which successfully defended it from a hostile takeover in May, to advise on a £497m (€728m) pub deal announced today.

In a regulatory news statement this morning, Mitchells & Butlers revealed it had sealed the deal to buy 239 pubs from rival group Whitbread. It is set to close the transaction at the end of the month.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink