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BRIEF-Heineken to acquire Punch Taverns pub portfolio
December 15, 2016 / 1:41 PM / 9 months ago

BRIEF-Heineken to acquire Punch Taverns pub portfolio

Dec 15 (Reuters) - Heineken NV :

* To acquire Punch Taverns PLC pub portfolio

* Heineken UK will pay an aggregate consideration of 305.0 million pounds ($380.3 million) for the shares in Punch A and assumed intercompany debts due from Punch A to Punch Taverns PLC.

* Heineken UK intends to fully integrate these pubs into Star

* Transaction is expected to be earnings enhancing in the first full year following the acquisition Source text: bit.ly/2gODTMs Further company coverage: ($1 = 0.8019 pounds) (Gdynia Newsroom)

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