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UK Regulator To Investigate Heineken's $380M Pubs Buy

Law360, Fort Wayne (February 16, 2017, 2:41 PM EST) -- The U.K. antitrust regulator on Thursday said it is opening an investigation into Heineken NV’s plan to drop £305 million ($380 million) to purchase roughly 1,900 pubs owned by Punch Taverns in the country to assess the transaction's effects on competition.

The Competition and Markets Authority said it will decide by April 24 whether to launch an in-depth investigation into the deal, based on the results of the initial probe and any remedies offered by the companies to assuage the regulator’s concerns. Heineken said it is cooperating...
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