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Pub chain takeover under spotlight for competition concerns

by LLB Editor
20th Dec 19 7:18 am

Pub group Stonegate Pub, which owns the Slug and Lettuce chain, announced in July it was buying rival Ei Group – once known as Enterprise Inns – for £1.3bn.

The Competition and Markets Authority said earlier this month it was concerned there might be a “substantial lessening of competition within a market or markets in the United Kingdom”.

Stonegate has now offered “undertakings” to the competition watchdog and the CMA says “there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.”

The CMA now has until 19 February 2020 to decide whether to accept the pledges.

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