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Last Updated: Friday, 16 September 2005, 06:46 GMT 07:46 UK
Greene King nears Belhaven deal
Greene King brands
The Belhaven deal will give Greene King a foothold in Scotland
Greene King is a step closer to completing its 187m buyout of rival brewer Belhaven Group after revealing it controlled nearly 60% of its shares.

The Suffolk brewer said investors holding 57.8% of Belhaven shares had either already sold their shares or agreed to do so by 15 September.

Greene King is extending the period in which investors have to agree the terms of the offer by another two weeks.

East Lothian-based Belhaven is the last independent listed Scottish brewer.

The company operates 300 pubs as well as brewing a range of beers including Belhaven Best, 80 Shilling, and St Andrews Ale.

Greene King, one of the UK's biggest brewers, has said that Belhaven will retain its name and brewing operations after the deal.


SEE ALSO:
Greene King taking over Belhaven
22 Aug 05 |  Business


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