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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.


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