OFT considers whether to refer Admiral Taverns deal to competition authorities

22 May 2007 by
OFT considers whether to refer Admiral Taverns deal to competition authorities

The Office of Fair Trading (OFT) is considering whether Admiral Taverns' acquisition of 869 pubs from Punch Taverns in April will require an investigation by the Competition Commission.

The OFT will look at whether the buy will result in a substantial lessoning of competition in the pub market.

Admiral became the third largest pub operator after the acquisition of the Punch estate with a portfolio of 2,700 pubs. The deadline for comment on the proposal is 4 June.

Punch Taverns rules out REIT in short term >>

Read OFT announcement here >>

Pub acquisitions push Admiral into top three >>

Punch confirms Admiral sale >>

By Christopher Walton

E-mail your comments to Christopher Walton here.

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