Competition authority to examine Heineken’s Punch takeover

The Competition and Markets Authority (CMA) is to examine Heineken's takeover of Punch Taverns to see if it will result in "a substantial lessening of competition".

Heineken and Patron Capital, using newco Vine Acquisitions as a bidding vehicle, have agreed a deal to buy Burton-upon-Trent-based Punch.

Immediately on completion of the deal, Heineken will acquire from Patron a portfolio of around 1,900 Punch pubs with Patron retaining an additional 1,329 which it will run itself... For the full story register now for free or login below...