UK Regulator Accepts Heineken/Punch Pub Sales
18 Agosto 2017 - 3:59AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Friday it has
accepted a proposal from Heineken Holding N.V. (HEIO.AE) to sell a
number of pubs, and therefore won't refer the Dutch brewer's merger
with Punch Taverns PLC (PUB.LN) for further investigation.
Last June the U.K. regulator said Heineken's proposed
acquisition of part of the Punch Taverns estate could reduce
competition in 33 local areas across Britain, and sought remedies
to address its concerns.
Heineken has now offered to sell pubs in each of the affected
areas to preserve competition and ensure customers in these
locations don't lose out.
The CMA said it is satisfied that its concerns have been
addressed and has therefore decided that the merger won't be
referred for an in-depth phase-two investigation.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
August 18, 2017 02:44 ET (06:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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