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

Heineken's takeover of Punch to be investigated by competition watchdog

16 February 2017 by

Heineken's £403m acquisition of pub group Punch is to be investigated by the Competition and Markets Authority (CMA).

A deal was agreed by Heineken in December, backed by investment firm Patron Capital, to add 1,900 Punch pubs to its 1,100 strong Star Pubs and Bars portfolio.

At the time of the merger's announcement, David Forde, managing director of Heineken UK, said that the deal would be good news for drinkers.

"Our proven track record of success demonstrates that well invested and well run pubs in the leased and tenanted sector can thrive," he said.

"Today's development is good news for pub-goers across the UK who will see the benefit of better pubs in their communities."

The CMA has now announced that it will assess whether the deal is likely to reduce competition and choice for customers.

The first phase of the investigation will last up to 24 April 2017.

If the CMA believes that competition will be reduced as a result of the deal an in-depth merger investigation will be triggered, lasting up to 24 weeks.

Punch Taverns agrees £403m takeover by Heineken and partner >>

Heineken makes takeover bid for Punch Taverns >>

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

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