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Greene King Says European Commission Cleared Cash Offer By CK Bidco
CK Asset Holdings Says Shareholders Approve Acquisition Of Greene King PLC
Greene King Says 67.46% Of Votes Cast At AGM In Favour Of Approving Directors' Remuneration Report
Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company's segments include Pub Company, Pub Partners, and Brewing & Brands. The Pub Company segment is engaged in the operation of managed pubs and restaurants. The Pub Partners segment is involved in the operation of tenanted and leased pubs. The Brewing and Brands segment is engaged in brewing, marketing and selling beer. The Company's ale brand portfolio includes Old Speckled Hen, Greene King IPA, Abbot Ale and Belhaven Best. The Pub Company segment operates approximately 1,820 pubs and restaurants across Britain. The Company's breweries include Westgate Brewery, which is located in Bury St. Edmunds, and Belhaven Brewery, located in Dunbar.
Abbot House, Westgate Street
Philip E. Yea
Independent Non-Executive Chairman of the Board
Chief Executive Officer
Chief Financial Officer, Executive Director
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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.
Greene King Plc said on Friday comparable sales at its pubs rose 1.5% over the last seven weeks, as it prepared for a proposed 4.6 billion pound ($5.68 billion) takeover by a company founded by Hong Kong's richest man Li Ka-Shing.
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.
British pubs operator Greene King <GNK.L> has agreed to a 4.6 billion pounds ($5.6 billion) bid from a Hong Kong-listed company founded by the territory's richest man Li Ka-Shing, which said it was seeking to increase its UK presence even as Brexit looms.
* Chinese moves on corporate interest rates lift stocks globally
A unit of CK Asset Holdings Ltd , founded by Hong Kong's richest man Li Ka-Shing, on Monday agreed to buy pub operator Greene King Plc for 850 pence per share, excluding the shares it already owns, in a deal that values the company at 2.7 billion pounds.
British pub operator Greene King Plc said a wet summer so far and poor sentiment had hurt its sales in its new financial year, but it posted higher-than-expected annual profit in the previous 12 months, driving shares up some 4%.
Britain's Greene King reported higher annual profit, boosted mainly by last year's football World Cup, but said the unseasonable wet summer season had hurt the pub operator's sales in the first eight weeks of the year.
* Shares on track for worst day in over 10 mths (Adds details on costs, analyst comments, shares)
British pub operator Greene King Plc on Tuesday forecast annual pre-tax profit above analysts' expectations, as demand for its brews during Christmas continued into the Easter period.
Pub operator Greene King Plc on Tuesday named Nick Mackenzie chief executive officer, replacing long-time boss Rooney Anand who stepped down in November last year.
* Says Brexit could hurt consumer spending (Adds analysts comments, details on Brexit, shares, graphic)
Pub operator Greene King Plc on Tuesday said comparable sales for the two weeks covering Christmas and New Year's eve rose 10.9 percent, boosted by strong demand for beers and ales from British pub-goers at its outlets.
* Shares move to top of London's midcap index (Adds CEO, analyst comments, Brexit details, shares)
Greene King reported a 3.2 percent rise in first-half pretax profit on Thursday and the pub operator said it was putting contingency plans in place to protect against disruptions if Britain leaves the European Union without a deal.
Pub Operator Greene King Plc's long-time Chief Executive Officer, Rooney Anand, will step down at the end of the current financial year, the company said on Tuesday.
* On track to close 100-110 pubs this year (Adds shares, analyst comments)
British pub operator Greene King Plc's like-for-like sales rose 2.8 percent higher in the first quarter, boosted by exceptionally warm weather in the country and the football World Cup.
British pub operator Greene King Plc on Thursday reported an 11.2 percent drop in full-year adjusted pretax profit, hurt by softer consumer spending, higher costs and bad weather at the start of the year.
British pub operator Greene King Plc's full-year adjusted pretax profit fell 11.2 percent, in line with the company's expectations, hurt by softer consumer spending and adverse weather at the start of the year.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.