Young’s is to pull out of brewing after selling its 40% shareholding in Wells & Young’s Brewing Company to Charles Wells for £15.1m.
Wells & Young’s was formed in 2006 following the merger of both company’s brewing operations, with Charles Wells holding a majority 60% stake.
Charles and Well’s is to pay £15.1 million in cash with £5.1 million payable in February 2012, and the remaining £10 million being payable in two equal amounts in February 2013 and February 2014.
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Rooney Anand has built Greene King into a leading brewery, pubs and restaurant chain. He says he loves to compete. Rivals are less impressed.
The shy, retiring Rooney Anand is anything but. “Just going to have a jimmy. Then you will have my unbridled attention,” says the Greene King boss, placing two pints of IPA on our table before heading off to the gents. And there was I thinking that, because he never gives interviews and doesn’t mix easily with other brewers, he would be a hard man to pin down. How wrong can you be? To read more click here.