Heineken: acquisition of Punch Taverns pubs now complete.
(CercleFinance.com) - Heineken has completed the acquisition of approximately 1,900 Punch Taverns pubs across the UK, as part of a deal that was orginally announced in late 2016.
The Dutch brewer plans to fully integrate the pubs into its existing Star Pubs & Bars estate, creating the country's third largest pub business in a highly fragmented market.
The pubs acquired by Heineken will be operated for six months by Punch under a transitional services agreement, after which they will be integrated into the Star Pubs & Bars scope.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The Dutch brewer plans to fully integrate the pubs into its existing Star Pubs & Bars estate, creating the country's third largest pub business in a highly fragmented market.
The pubs acquired by Heineken will be operated for six months by Punch under a transitional services agreement, after which they will be integrated into the Star Pubs & Bars scope.
Copyright (c) 2017 CercleFinance.com. All rights reserved.