Blackstone, CVC eye Mitchells & Butlers stake: paper
LONDON |
LONDON (Reuters) - Private equity firms Blackstone (BX.N) and CVC are mulling a plan to buy a "significant minority stake" in pubs group Mitchells & Butlers (MAB.L), the Sunday Times reported.
M&B put itself up for sale in January after a property deal with tycoon shareholder Robert Tchenguiz lost it 400 million pounds ($792 million), costing the firm's chairman and finance director their jobs.
However, difficulties in the credit markets have hampered private equity firms' ability to raise funds for a bid and the newspaper reported only one party had lodged a bid by a Friday deadline.
No one was available for comment at Blackstone, CVC or M&B.
(Reporting by Tom Bergin; editing by Sue Thomas)
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