Greene King's takeover of Spirit expected to be completed within days

11 June 2015 by
Greene King's takeover of Spirit expected to be completed within days

The £774m takeover of the Spirit Pub Company by rival group Greene King has moved a step closer.

In a statement issued by Greene King this morning (11 June), the two businesses announced that the proposed deal is no longer conditional on the approval of the Competition and Markets Authority.

It is now expected that the takeover will be confirmed on 19 June, with trading in shares of Spirit suspended on 23 June and dealings in new Greene King shares commencing the following day.

Spirit has 770 managed pubs, including the Chef & Brewer, Taylor Walker and Fayre & Square brands, while Greene King has 1,000 managed pubs and around 900 tenanted and leased pubs.

Looking for a job? See all the current pub and bar vacancies available with The Caterer Jobs >>

Greene King's Spirit deal would affect competition, rules CMA >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking