• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Innovation & Insight Reports
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • STORE
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • EVENTS
  • CONTACT
1 MIN READ

UK: Greene King to be sold to CK Asset Holdings

August 21, 2019
-
Alcoholic Drinks, Europe, Mergers & Acquisitions

CK Asset Holdings, a Hong Kong private equity company, has agreed  a deal to acquire Greene King, Britain’s largest pub and brewery company, in a deal worth £4.6 billion ($5.6 billion), according to a Reuters report.

CK Asset Holdings is said to be paying £2.7 billion ($3.3 billion) for the beer firm, in addition to assuming its debt.

The Hong Kong firm already holds a 3% stake in Greene King and is also the owner of the Chef & Brewer and Hungry Horse chains.

Greene King’s flagship beer brands include Abbot Ale, Greene King IPA, Old Speckled Hen and Ruddles.

Commenting on the deal, Greene King chief executive Nick Mackenzie said: “CK Asset Holdings is an experienced UK investor and shares many of Greene King’s business philosophies. They understand the strengths of our business and we welcome their commitment to working with the existing management team, evolving the strategy and investing in the business to ensure its continued long-term growth”.

Source: CK Asset Holdings (via ADVFN) / Reuters / Wikipedia

Tags
Greene King
← PREVIOUS POST
Japan: Kirin forays into supplements with 30% stake in Fancl
NEXT POST →
USA: Target launches Good & Gather brand

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
UK: Greene King to be sold to CK Asset Holdings - Gama