Home / Royal Mail / HPI in talks to buy six pubs as it defends against takeover bid

HPI in talks to buy six pubs as it defends against takeover bid

Pub landlord HPI is in talks to buy up to six assets for about $75 million, and is considering co-investing in hotels alongside “top tier” operators, as it pursues a growth strategy and defends against a takeover bid from property giant Charter Hall and Hostplus.

“The group is currently in advanced discussions regarding six acquisition sites and we hold a right of first refusal over [a further] three assets being redeveloped by Australian Venue Co [the operator of the majority of our pubs],” managing director John White told shareholders at HPI’s annual general meeting in Melbourne on Wednesday.

Loading…


Source link

About admin

Check Also

How will the planned Post Office closures affect you?

The Post Office has confirmed plans to shut down 115 branches, a move that could …

Leave a Reply

Your email address will not be published. Required fields are marked *