From Financial Times:
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Hong Kong billionaire Victor Li has swooped to acquire Greene King, taking advantage of the weak pound to strike a £4.6bn deal for the UK’s biggest listed pubs and brewery group. CK Asset Holdings, the property investment firm founded by Li Ka-shing and run by his son Victor, has agreed to buy the 220-year-old UK pubs group for 850p per share, valuing it at £4.6bn including net debt. Shares in Greene King jumped more than 50 per cent. The senior Mr Li, 91, who is also Hong Kong’s richest man, has racked up paper losses of around $3bn since the end of July as the unrest in his home city has hit the value of his holdings. People briefed on the deal said his investment group was undaunted by the economic prospects for the UK following its impending departure from the European Union, saying it was taking a long-term view of British consumer spending.
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