(Reuters) - Greene King Plc GNK.L said on Thursday the European Commission has given the go-ahead for CK Asset 1113.HK, a Hong Kong-listed company founded by the territory's richest man Li Ka-Shing, to acquire the British pubs operator.
The offer by CK Asset, whose founder ranks among Asia’s best-known entrepreneurs, valued the brewer of Old Speckled Hen and Abbot Ale at 4.6 billion pounds ($5.92 billion) as CK aims to boost its UK presence.
The merger is expected to close on Oct. 30.
Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles.