FILE PHOTO: Hong Kong tycoon Li Ka-shing, chairman of CK Hutchison Holdings, meets journalists as he formally retires after the company's Annual General Meeting in Hong Kong, China May 10, 2018. REUTERS/Bobby Yip
LONDON: More than a year after taking the helm of Hong Kong’s biggest conglomerate from his father Li Ka-shing, Victor Li is making a US$3.3bil bet that Brexit won’t dent the value of UK pubs or the land under them.
The family’s CK Asset Holdings Ltd. unit agreed to pay 2.7 billion pounds ($3.3 billion) for Greene King Plc, which operates more than 2,700 British bars, restaurants and hotels, the Hong Kong-based company said in a statement Monday.
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