[ET Net News Agency, 20 August 2019] CK Asset Holdings (01113) said it has agreed to
buy Greene King plc at a consideration of GBP2.7 billion (equivalent to approximately
HK$25.2 billion).
Under the terms of the acquisition, upon the scheme becoming effective, a cash
consideration of 850 pence (equivalent to approximately HK$80.8) per target share will be
paid to target shareholders.
Greene King plc is the United Kingdom's leading integrated brewer and pub retailer
operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Its
three main trading divisions are "Pub Company", "Pub Partners" and "Brewing & Brands".
(RC)