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UK: Regulator warns concessions on Greene King’s deal

By  |  May 26, 2015

Britain’s competition watchdog said it was likely to give the go-ahead to pub group Green King’s takeover of rival Spirit in light of an offer by the former to sell a total of 16 pubs.

The Competition and Markets Authority (CMA) had earlier this month said it would undertake an in-depth investigation of the 774 million pound deal unless the companies offered to dispose of pubs in a small number of areas where there was no alternative.

It said on Tuesday that the proposed disposals might be acceptable, and it would make a decision by July 21.

Of the 16 pubs identified to be sold, nine are Greene King pub and seven are Spirit, Green King said in a statement.

 

Full content: The Telegraph

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