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Punch Accepts Heineken Bid

News: December 2016

The board of Punch Taverns, one of the UK’s biggest pub groups, has accepted a takeover bid from Dutch brewing giant Heineken.

The bid of £403 million has been made by Heineken and its partner, the investment firm Patron Capital. It will allow the two parties to acquire Punch’s 3,300 pubs. The estate will then be split, with Heineken taking control of 1,900 pubs to add to its existing Star Pubs & Bars estate of 1,100 pubs.

The acquisition has been supported already by some of Punch’s biggest shareholders.

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