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Emerald abandons Punch bid, leaving Heineken unrivaled in pubs takeover

Wed, 01st Feb 2017 13:52

LONDON, Feb 1 (Reuters) - Emerald Investment Partners saidon Wednesday it is not planning to make a takeover offer forPunch Taverns, reversing course and leaving Heineken unrivaled in its bid to buy and break up the company.

Emerald, the investment firm of Punch founder Alan McIntosh,made an approach to Punch late last year, around the same timebrewer Heineken, and investment partner Patron Capital, agreed adeal for Punch. (Reporting by Martinne Geller, editing by Louise Heavens)

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UPDATE 1-Punch Taverns disposes of Matthew Clark stake

(Adds details) Sept 8 (Reuters) - Punch Taverns Plc said it would sell its 50 percent stake in UK-based drinks wholesaler Matthew Clark to Conviviality Brands for 100.7 million pounds ($154.50 million) in cash. Matthew Clark is a 50/50 joint venture between Punch Taverns and Hertford

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Conviviality To Acquire Matthew Clark From Punch, Hertford Cellars (ALLISS)

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8 Sep 2015 06:30

Punch Taverns disposes of Matthew Clark stake

Sept 8 (Reuters) - Punch Taverns Plc said it would sell its 50 percent stake in UK-based drinks wholesaler Matthew Clark to Conviviality Brands for 100.7 million pounds ($154.50 million) in cash. Matthew Clark is a 50/50 joint venture between Punch Taverns and Hertford Cellars Ltd, a unit o

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