Latest News

Hardys & Hansons approves Greene King aquisition terms

(16 August 2006 12:06)
Hardys & Hansons logo

Shareholders of family-owned pub company Hardys & Hansons (H&H) approved the terms of the company’s acquisition by pub giant Greene King yesterday (15 August).

A significant majority of the H&H’s family and ordinary shareholders voted in favour of the scheme at separate meetings.

Greene King made the £271m agreed offer for the 174-year-old Midlands pub company and brewer in June this year. The H&H estate comprises 268 pubs, including 83 managed and 185 tenanted.

The deal is the latest in a series of aggressive moves by Greene King which has seen the regional brewer grow to a national giant, with more than 2,400 pubs. Last year it bought Scotland’s Belhaven brewery and Essex pub company and brewer Ridley’s.

Article continues below

Greene King merger with Hardys & Hansons given go ahead by OFT >>

Is the end near for Britain's independent breweries? >>

By Matthew Batham

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku
Join the craze and play Sudoku online!
Newswire
For the latest hospitality news, sign up for our e-mail news alerts.

Source: CatererSearch

Spread the word:   related bookmark it! diggit! reddit!
 
30th August 2008