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

Sale of 42 pubs could pave the way for Stonegate acquisition of Ei Group

09 January 2020 by
Sale of 42 pubs could pave the way for Stonegate acquisition of Ei Group

The proposed sale of 42 pubs might allay the Competition and Markets Authority's (CMA) concerns over Stonegate's £1.27b acquisition of Ei Group.

In a note published by the CMA today, it said the sales "might be acceptable as a suitable remedy" following its investigation, which found that while the deal does not raise competition concerns on a national level, there would be reduced choice for pub-goers in 51 local areas.

The report said: "The CMA currently believes that the proposed undertakings are capable of amounting to a sufficiently clear-cut and effective resolution of the CMA's competition concerns," adding that there are "several potential suitable purchasers who have expressed an interest" in purchasing the pubs.

The acquisition of Ei Group by Stonegate would create a 5,000-strong pub group.

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