The biggest drinks acquisitions of 2019

Greene King bought by HK property tycoon for £2.7bn

In August Li Ka-shing, Hong Kong’s richest man and the owner of property developer CK Asset, reached an agreement to buy the British brewer Greene King for 850p per share (a 51% premium) which is £2.7bn in total.

Li Ka-shing, a 91-year-old multibillionaire, also owns pharmacy chain Superdrug and mobile operator Three.

Greene King chief executive Nick Mackenzie said at the time that CK Assests, “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.”

Based in Suffolk, Greene King owns 2,700 pubs, restaurants and hotels across the country.

2 Responses to “The biggest drinks acquisitions of 2019”

  1. Sam Adams says:

    No mention of LVMH buying Whispering Angel?

  2. Josh M says:

    What about the fact that Constellation just sold off Ballast Point, which they originally purchased for $1B after just 4 years??

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