Heineken takeover approved
The UK Competition and Markets Authority (CMA) has approved Heineken’s takeover of 1,900 pubs, saying it is satisfied the deal will not cause customers to “lose out”.
The Netherlands-based brewer proposed in June a £403 million ($516 million) purchase of the pubs, currently owned by Punch Taverns, a deal Punch shareholders approved in February.
The CMA then raised concerns about reduced competition in 33 UK areas.