Pub operator Greene King gets regulatory nod for merger with Ka-Shing’s firm

Industry:    2019-10-18

Greene King Plc said on Thursday the European Commission has given the go-ahead for CK Asset, a Hong Kong-listed company founded by the territory’s richest man Li Ka-Shing, to acquire the British pubs operator.

The offer by CK Asset, whose founder ranks among Asia’s best-known entrepreneurs, valued the brewer of Old Speckled Hen and Abbot Ale at 4.6 billion pounds ($5.92 billion) as CK aims to boost its UK presence.

The merger is expected to close on Oct. 30.

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