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EquityEquity - Follow-ons and Rights issues

Spurs owner leads equity consortium to save pub firm

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Mitchell & Butlers, a company that owns UK pubs and restaurant chains including Harvester, will raise £350m through an underwritten equity raise to navigate its way through the latest Covid-19 lockdown. A shareholder consortium made up of Joe Lewis (the owner of Tottenham Hotspur); former Manchester United owners JP McManus and John Magnier; and currency trader Derrick Smith, will back the raise.

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