Hong Kong Developer Unit Buys Greene King For £2.7B

Law360 (August 19, 2019, 5:51 PM EDT) -- Hong Kong-based property developer CK Asset Holdings Ltd. said Monday a subsidiary has agreed to buy Greene King PLC in a deal steered by Clifford Chance LLP and Linklaters LLP that values the British pub operator and brewer's shares at roughly £2.7 billion ($3.28 billion).

According to a London Stock Exchange filing by CK Asset, the respective directors of Greene King and CK Asset intend to unanimously recommend that their shareholders vote in favor of the proposed deal, which the filing said also implies a roughly £4.6 billion enterprise value for the pub operator.

CK Asset said in the filing that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!