Channel Islands pub group Liberation bought for £118m

The Channel Islands' biggest pub group and brewer has been taken over in a £118m deal.

Liberation Group was bought by Caledonia Investments, controlled by the Cayzer family shipping dynasty.

Liberation owns 94 pubs in the Channel Islands and the UK and employs 900 people.

The firm's chief executive Mark Crowther, who led a management buyout eight years ago, said it was "positive news for employees and customers".

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