Pub owner NewRiver has responded to press speculation by confirming it is in talks with Hawthorn Leisure regarding a possible acquisition.

NewRiver logoIt said that a transaction, if completed, would be funded from NewRiver’s existing resources.

A spokesperson added: “There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made as soon as practicable.”

Hawthorn Leisure was formed four years ago when it acquired 275 pubs from Greene King. It has since purchased further properties.