Greene King buys fish chain Loch Fyne for 68 mln stg

LONDON Tue Aug 7, 2007 12:22pm BST

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LONDON Aug 7 (Reuters) - British pub group Greene King Plc (GNK.L) said on Tuesday it had agreed to acquire fish restaurant chain Loch Fyne from its shareholders for 68.1 million pounds ($138 million).

The acquisition of the casual dining group, which has a chain of 36 seafood restaurants nationwide, will be funded from existing debt facilities and is expected to be earnings-enhancing in the first full year of ownership, Greene King said in a statement.