LONDON, June 21 (Reuters) - British pubs group Marston's Plc said on Sunday it would invest 140 million pounds ($229 million) to build 60 pubs starting this summer, which would create more than 2,500 jobs in England and Wales.
The company, which said last week it planned to raise about 176 million pounds through a deeply discounted, fully underwritten 11-for-10 rights issue, said they intended to deliver the pubs over the next three years.
"There has been much gloom written about the traditional pub market in recent months, much of it overexcited," Marston's Inns and Taverns Managing Director Derek Andrew said in a statement.
"Our site search and progress is already well underway." (Reporting by Kate Holton; Editing by Rupert Winchester)