Financial Times FT.com

Enterprise turns to disposals

By Pan Kwan Yuk

Published: November 19 2008 02:00 | Last updated: November 19 2008 02:00

Enterprise Inns is to halt its acquisition programme and dispose of about 200 of its underperforming units this year as the indebted pub operator looks to reduce borrowing.

The group, which has about £3.7bn ($5.5bn) of debt and is due to refinance a £1bn facility in May 2011, is hoping to raise between £100m to £200m from these measures.

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