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Greene King in £4.6bn Hong Kong takeover | Business News

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Britain’s largest pub and brewery company Greene King has agreed to a £4.6bn sale to Hong Kong-based CK Asset Holdings.

CK Asset Holdings, founded by Hong Kong’s richest man Li Ka-shing, will pay £2.7bn for the 220-year old brewery company and take on its debt, worth an additional £1.9bn.

Greene King, based in Bury St Edmunds, Suffolk, was founded in 1799 and operates nearly 3,000 pubs, restaurants and hotels, and owns brands including Hungry Horse and Chef & Brewer.

OId Speckled Hen and Abbot Ale are among its beer brands.

It currently employs around 39,000 people.

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