September 6, 2019 / 6:23 AM / 2 months ago

Greene King sales rise ahead of proposed takeover

Sept 6 (Reuters) - Greene King Plc said on Friday comparable sales at its pubs grew 1.5% over the last seven weeks, as the company prepares for a proposed 4.6 billion pound ($5.68 billion) takeover by Hong Kong’s richest man Li Ka-Shing.

Greene King, which runs 2,730 pubs, restaurants and hotels across England, Wales and Scotland, also said like-for-like sales were down 1.8% for the 18 weeks ended Sept. 1, reflecting the tough comparatives of last year’s successful Fifa World Cup and good weather.

$1 = 0.8104 pounds Reporting by Noor Zainab Hussain in Bengaluru; Editing by Rashmi Aich

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