Hong Kong billionaire Li Ka-shing’s property investment firm has agreed to buy the UK’s Greene King pub group for almost £5bn.
CK Asset Holdings on Monday said it has reached an agreement to buy Greene King for 850p per share, which values the group at £4.6bn including net debt.
The all-cash offer represents a premium of 43 per cent compared to the adjusted three-month volume weighted average price, or 51 per cent compared with Friday’s closing level.
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