Real Estate
Real estate fund manager and Dutch brewer complete takeover. : Private equity real estate investor Patron Capital and Dutch beer company Heineken have completed the protracted purchase of UK pub owner Punch Taverns. The takoever, which values the publicly listed company at £1.8bn (€1.96bn), will give Patron Capital ownership of around 1,300 tenanted pubs, while Heineken will own close to 1,900. The deal was originally agreed in December but was only given the green light by the UK’s competition and markets authority earlier this month.

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