Pub owner Marston's and Carlsberg UK brew up a beer joint venture
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(Reuters) - British pub operator Marston's said on Friday it will combine its brewing business with Carlsberg UK into a joint venture for a 40% stake and a cash payment of up to 273 million pounds. Marston's, which has had to shut all its pubs due to the coronavirus crisis, said the partnership values its brewing business at up to 580 million pounds and Carlsberg UK's brewing business at 200 million pounds.Carlsberg Marston's Brewing Company, the joint venture, would deliver annual cost savings..