Young's Pubs, a British pub chain operating nearly 220 pubs, completed the acquisition of City Pubs, a company that owns and operates an estate of premium pubs across southern England, for £162m ($202m). "We are excited to be announcing the proposed acquisition of City Pubs, with the full recommendation of their Board. City Pubs is an excellent business we have followed for some time, and one which aligns closely with Young's in terms of both strategy and culture. Like us, City Pubs operates premium, individual and well-invested pubs and rooms, with a focus on the highest standards of customer service. Both businesses have performed well in a tough trading environment recently, testament to the strength of our business models, people and approach to customers," Simon Dodd, Young's CEO.