Dutch brewing giant Heineken is to invest €50m into its British pub chain Star Pubs & Bars this year, creating 1,000 new jobs, news agency Reuters said on Monday.
The money will be spend on roughly 25% of the 2,900 pubs that Heineken owns and takes total investment in British pub refurbishment to €160m over the past five years, Reuters said.
In mid 2017, Heineken completed the acquisition of 1,900 pubs from Punch Tavern’s for €360m.
The deal gave Heineken control of about 6% of the British pub market, making the Dutch company the UK’s third-largest pub operator, after Greene King and Enterprise Inns.
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