October 17, 2019 / 11:42 AM / 4 months ago

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

(Reuters) - Greene King Plc GNK.L said on Thursday the European Commission has given the go-ahead for CK Asset (1113.HK), 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.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber

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