UK: Hardys & Hansons suspends shares

By just-drinks.com editorial team | 4 September 2006

Hardys & Hansons has suspended trading of its shares in London.

The UK regional brewer and pub group said late last week that it would suspend the trading temporarily from today (4 September) "pending an announcement".

Hardys & Hansons was sold last month to Greene King for GBP10.59 a share, valuing the company at around GBP270m (US$514m). The company's shares will be suspended pending the outcome of the court hearing to sanction the schemes and the reduction of capital, Hardys & Hansons told the AIM in London.

The acquisition is the latest in a slew by Greene King, which snapped up the Laurel pub group in 2005, as well as brewers Ridley's and Belhaven.

Sectors: Beer & cider

Companies: Greene King