UK's Revolution Bars Group falls on lukewarm response to sales process

Revel Collective

14/05/2024 15:18

** Shares of Revolution Bars Group Plc  RBG.L  fall as much
as 17.6% to 1.4p; stock set for its worst day since March 26, if
the trend holds
    ** Operator of premium bars says the first phase of the
formal sales process and M&A process has not resulted in any
proposals relating to the acquisition of the company
    ** RBG says it received several proposals for some assets,
but none would result in a financial return to shareholders
    ** Stock down 11.8% as of 1409 GMT, taking YTD losses to
~72%

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))