Marston's sells stake brewing firm to Carlsberg for £206m

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It ends almost 200 years of brewing heritage, which began with Banks and Company at the Park Brewery in Wolverhampton in 1875. However, Marstons said it would continue its "strong partnership" with CMBC through the long-term brand distribution agreement which remains in place. Russ Mould, investment director at AJ Bell, said: "Its rare to see a business do two deals in one day, but sometimes the stars simply align. "The concurrent decision to buy Marstons out of the pairs brewing joint venture suggests beer remains a big part of Carlsbergs ongoing story. "Crucially, it allows us to become a pure play hospitality business and focus on what we do best namely, giving our guests amazing pub experiences."

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