Greene King may be bid target for Patron Capital - speculative report
28 DEC 2017
Greene King [LON:GNK], a UK-based brewing company, may be a bid target for the private equity firm Patron Capital, according to a speculative report in The Times. The newspaper’s market report section mentioned talk that Patron might be interested in Greene King due to a recent decline in the brewing company’s share price.
Patron and the Dutch brewing company Heineken (AMS:HEIA) this summer made a successful break-up bid for the UK-based pubs operator Punch Taverns.
However, the report said most observers believe Greene King to be unlikely to attract a takeover.
Greene King’s share price closed 15.5p up at 549.0p in London on Wednesday, 27 December, giving the company a market capitalisation of GBP 1.70bn (EUR 1.91bn).