Capital Pub Company, the London-based pub group, which recently rebuffed two takeover approaches from Fuller’s, has completed the acquisition of the Priory in London’s Clerkenwell, from Large Bars, the gastropub operator. The 34-strong group, led by Clive Watson, exchanged contracts on the Priory last month and has now acquired the leasehold interest of the the free-of-tie site for £160,000. Large Bars, which was founded by Lee Bradshaw who was previously involved in the operation of Pitcher & Piano and the Slug & Lettuce, and Sarj Chotai, currently operates the Angelic in Islington, the Coachmakers in Marylebone and the Anglers in Walton-on-Thames. Property adviser Shelley Sandzer acted on behalf of Large Bars. Capital rejected Fuller’s indicative offer proposal of 200p, which valued the company at close to £54m, unaminously and restated its ambition to operate an estate of 45/50 pubs in London by the middle of 2013. Earlier this month, Fuller’s was given a "put up or shut up" deadline of 1 August by the City's Takeover Panel to table a formal bid for Capital. Greene King is also thought to be considering making an approach for the London-based operator. Shares in Capital closed today up 3.44% (7p) to 210.5p, which gave the company a market capitalisation of £56.768m.