Heineken Becomes UK Pub Giant With £422M Buy

Law360, New York (December 2, 2011, 1:58 PM EST) -- Heineken NV has acquired 918 pubs in the U.K. from Royal Bank of Scotland Group PLC for a combined £422 million ($657.7 million), making it one of the largest pub owners and operators in the U.K., the Dutch beer maker said Friday.

Heineken's purchase of the Galaxy Pub Estate will give the Amsterdam-based company ownership of a total of 1,380 pubs in the U.K. by adding to its stock of 462, the beer maker said in a statement. Heineken's Scottish & Newcastle Pub Company Ltd. has managed the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.