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Admiral Taverns

Admiral Taverns is to acquire 111 pubs from the Star Pubs & Bars division of Heineken UK for undisclosed terms.

Admiral Taverns, the nationwide chain of 1,200 pubs, has been sold by Lloyds Banking Group to Cerberus Capital Management for about £200m.

Admiral Taverns is to invest £5m in improvements to its chain of pubs this summer.

Admiral Taverns has bought about 190 pubs that were previously owned by the Piccadilly Licensed Properties division of Active Asset Investment Management.

Admiral Taverns has sold its 27 pubs in Scotland to the Iona Pub Partnership of Glasgow for undisclosed terms, leaving a chain of 2,300 outlets.