11th Oct 2019 09:28
(Alliance News) - The UK Competition & Markets Authority said Friday it is considering whether Stonegate Pub Co Ltd's acquisition of FTSE 250 pub firm Ei Group PLC could lead to reduced competition.
As part of this, the monopoly regulator has invited comments from any interested parties over the transaction.
In July, Ei accepted a GBP1.3 billion offer from Slug & Lettuce owner Stonegate. Including debt, the deal values Ei at GBP2.97 billion.
In September, Stonegate signed up new lenders to fund the acquisition. As well as existing lenders Barclays Bank PLC, Goldman Sachs Bank US, and Nomura International PLC, Stonegate added Deutsche Bank AG and Lloyds Bank PLC to the syndicate providing financing for the deal.
Shares in Ei Group were 0.1% higher at 281.65 pence on Friday.
By Dayo Laniyan; [email protected]
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