ALE Summer 2004 No. 314 : Next section

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Greene King in the News Again

Yet more news from our local brewing giant...

With such success, GK was able to buy all 432 of the Laurel pubco's community pubs for 654M, making a total of over 2,100 pubs. However competition rules require sell-offs if in any licensing area GK exceeds 25% of premises: it's selling 13 pubs to satisfy the Office of Fair Trading.

Another result of the deal is an acceleration in its conversions to tenancies, with another 103 managed houses about to go on the leasehold market, including The Grove (Arbury Road), the Jenny Wren (Campkin Road), the Old Spring (Ferry Path) and the Sir Isaac Newton (Castle Street) in Cambridge.

The deal leaves Laurel with around 150 town centre pubs, such as the Anchor, the Bath and the Hogshead in Cambridge.

ALE Summer 2004 No. 314 : Next section
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