Belhaven Brewery owner Greene King is to be sold to Hong Kong-based property company CKA for £2.7bn.
As well as several other beer brands – including Old Speckled Hen – Greene King also owns around 2,700 pubs, restaurants and hotels in the UK.
Shares in Greene King leapt by over 50% when news of the deal broke, which the company’s directors advised shareholders to accept.
Greene King said CKA had no plans to “initiate any material headcount reductions” within the business as a result of the takeover.
CKA’s founder, 91-year-old multibillionaire Li Ka-Shing, was ranked number 28 in the 2019 Forbes Rich List. He also owns the Superdrug chain and the Three mobile phone network.
