Greene King has acquired regional brewer and pub operator Hardys & Hansons for £270m.

Under the terms of the deal, Greene King will pay Hardys & Hansons shareholders £10.59 a share.

Rooney Anand, chief executive of Greene King, said: “We believe this is a fair offer for Hardys & Hansons. It represents a unique opportunity for us to achieve presence and scale in the east Midlands market, where we have been under-represented to date.”