Alchemy Partners, the private equity group, has sold its 1,064-strong InnSpired UK pubs holding to trade buyer Punch Taverns for £335m (€490.4m). The price included £258m of debt.

To comply with regulatory concerns, Punch will now have to sell 88 of its new total of 8,398 pubs on to UK pubs company Admiral Taverns for £22.6m. Punch bought the 3,100-strong Pubmaster estate for £1.2bn in November.

James Mawson

Punch Taverns

Wolverhampton & Dudley Breweries

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Alchemy sells InnSpired for £335m

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