Jan 9 Punch Taverns Plc has put 65 pubs
on the market for sale as part of its longer-term non-core
estate disposal programme, a company spokesman said.
The sale, which will be carried out by property agent
Christie+Co, is part of its target to sell about 400 non-core
pubs this fiscal year ending August 2013.
Like many British pub companies, Punch was hit hard by the
country's double-dip recession and is trying to cut 2.1 billion
pounds ($3.4 billion) of debt built up before the economic
Punch Taverns' shares were trading down more than four
percent at 10.93 pence at 0958 GMT on the London Stock Exchange
on Wednesday. They have risen 15 percent in the past year.