Mitchells & Butlers calls in RBS for defence plan

Royal Bank of Scotland has renewed its ties with Mitchells & Butlers after being hired to arrange a refinancing as part of the group's defences against a £4.6bn (€6.6bn) bid from Iranian property tycoon Robert Tchenguiz.

The refinancing is one of several measures announced today in Mitchells & Butlers' trading statement that could help stave off a takeover of the group. The UK pub and restaurant group rebuffed Tchenguiz's indicative proposal a fortnight ago.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached