Financial Times FT.com

Heineken acquires Globe assets

By Pan Kwan Yuk

Published: October 30 2009 00:50 | Last updated: October 30 2009 00:50

Heineken, the Dutch brewer best known for its range of fizzy lagers, has made its first foray into the UK pub business after it arranged to buy the assets of Globe Pub Company, the cash-strapped pub operator owned by Robert Tchenguiz, from receivers for £180m ($298m).

Heineken on Thursday confirmed that it has acquired Globe’s estate of 421 leased and tenanted pubs via a new vehicle called EBP Pub Company, after the pub group was placed into an administrative receivership with Zolfo Cooper.

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