Search

Brewery set to make bid for pub chain

PUBLISHED: 16:28 12 November 2001 | UPDATED: 10:49 03 March 2010

BURY St Edmunds brewer Greene King is thinking of making a bid for a major West Country pub operator.

Greene King which recently made a successful £102.

BURY St Edmunds brewer Greene King is thinking of making a bid for a major West Country pub operator.

Greene King which recently made a successful £102.6 million takeover of Old English Inns, is now reported to be interested in Eldridge Pope's 185-strong chain of pubs.

The Suffolk company which is famous for Abbot Ale and Old Speckled Hen is expected to offer less than 260p a share for Eldridge Pope, which would cost them about £64m.

Eldridge Pope is a family-run chain headed by chairman, Christopher Pope. Several other breweries have shown an interest in a take-over but at this stage of negotiations, Greene King is looking favourite.

It is expected that if the deal goes ahead it will be before Christmas.

Most Read

Most Read

Latest from the Ipswich Star

Hot Jobs

Show Job Lists