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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Marston's PLC    MARS   GB00B1JQDM80

MARSTON'S PLC

(MARS)
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Marston : Expects Completion of Carlsberg JV to Be Delayed to 4Q

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07/23/2020 | 07:40am EDT

By Adria Calatayud

 

Marston's PLC said Thursday that the completion of a brewing joint venture it has agreed to form with Carlsberg A/S is now expected in the fourth quarter, slightly later than previously indicated.

The U.K. Competition and Markets Authority, rather than the European Commission, will now likely be the relevant competition authority, the British pub operator said.

Marston's said the transaction isn't expected to raise any competition concerns, and the group has sufficient liquidity to meet its requirements ahead of completion.

Marston's in May said it had formed a JV with Carlsberg UK Holdings Ltd. to create the Carlsberg Marston's Brewing Company, a new U.K. brewer and distribution company.

The U.K.'s Campaign for Real Ale has called for an investigation into the deal, calculating that the deal will increase the stake of global brewers in British pub companies to close to 32% from 25% currently.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
CARLSBERG A/S -0.86% 850.6 Delayed Quote.-13.66%
MARSTON'S PLC -2.16% 44.75 Delayed Quote.-64.04%
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Financials
Sales 2020 784 M 1 006 M 1 006 M
Net income 2020 -40,2 M -51,6 M -51,6 M
Net Debt 2020 1 337 M 1 717 M 1 717 M
P/E ratio 2020 -5,86x
Yield 2020 -
Capitalization 276 M 351 M 355 M
EV / Sales 2020 2,06x
EV / Sales 2021 1,96x
Nbr of Employees 14 000
Free-Float 93,8%
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Technical analysis trends MARSTON'S PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 68,70 GBX
Last Close Price 43,66 GBX
Spread / Highest target 136%
Spread / Average Target 57,4%
Spread / Lowest Target -8,38%
EPS Revisions
Managers
NameTitle
Ralph Graham Findlay Chief Executive Officer & Executive Director
William John Rucker Chairman
Andrew Andonis Andrea Chief Financial Officer & Executive Director
Carolyn Jane Bradley Senior Independent Director
Bridget Lea Independent Non-Executive Director
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