Admiral Taverns has broken its long silence and confirmed that it is selling 150 pubs, spread across England and Wales.
The pubs are almost all freehold and range in price from £75,000 to £600,000 and are available in small groups or individually.
The sale represents a disposal of almost a tenth of the 2,000-strong estate.
"The decision to sell these pubs follows a review of the Admiral Taverns estate and, while they no longer fit the requirements of our business, they offer good opportunities to a variety of potential buyers with the skills to achieve their potential," said Admiral Taverns chairman Jonathan Paveley.
The pubs are being marketed by Christi + Co. "We are delighted to have been appointed by Admiral Taverns to sell this group of predominantly freehold pubs, which we expect to generate significant interest from regional and local operators, individual buyers and developers," said Christie + Co head of pubs Neil Morgan.