The family’s CK Asset Holdings Ltd. unit agreed to pay £2.7bil (US$3.3bil) 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. The offer is equal to 850 pence a share, a premium of about 51% to Greene King’s closing price last Friday.(A pint of beer stands on a bar in a pub in Liverpool, northern England. - Reuters filepic.)
London: 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 £2.7bil (US$3.3bil) 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. The offer is equal to 850 pence a share, a premium of about 51% to Greene King’s closing price last Friday.
Limited time offer:
Just RM5 per month.
