Marston's and GKN net £600m
PUBS group Marston’s and engineering firm GKN have secured strong support for their respective cash calls and raised nearly £600 million between them.
Marston’s, which sponsors the England cricket team, raised £176 million after 91 per cent of its shareholders backed its fund raising and plans to use the funds to acquire and develop new pubs.
More than 95 per cent of GKN shareholders backed its bid to use the £423 million it raised to reduce its near £1 billion debt mountain.