Green King Expands Pubs Business With £70 Million Acquisition
July 20
10:35
2011
Greene King has beaten fellow UK regional brewer Fuller, Smith & Turner to acquire the Capital Pub Company for £70m. The deal is in line with Greene King’s focus on growing its retail business by adding 34 sites and improving the overall quality of its estate.
It also further expands Greene King’s presence in Greater London where the combined business will operate approximately 250 pubs. Greene King is projecting cost and revenue synergies by the end of the first year post acquisition of at least £2m.
