Greene King’s bid for Capital is unconditional

BREWER Greene King’s bid to acquire Capital Pub Company, in a deal that values the 34-strong London pub operator at £70m, has been declared wholly unconditional.

Greene King said that as of the first closing date of the offer on 19 August, it had received valid acceptances in respect of 19.795m Capital Pubs shares, representing approximately 73.4 per cent of the issued share capital of the company.

Capital is set to be delisted from the London Stock Exchange on Thursday as part of the deal.