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Fuller Smith & Turner PLC acquires stake in The Stable

Tuesday, 10 Jun 2014 02:01am EDT 

Fuller Smith & Turner PLC:Says that it has acquired a 51 pct. share in The Stable, a craft cider and pizza restaurant business led by Richard and Nikki Cooper.Says it is investing 7.3 million pounds for the 51 pct. share, as well as the freehold of The Bull Hotel and there is an option to increase this investment in the future.Says it is anticipated that the transaction will be broadly earnings neutral in the first year.