News that Hong Kong’s CK Asset Holdings has agreed a deal to buy the UK’s biggest pub owner, Greene King, has been toasted with a cheer by many property players, who think a round of takeovers could now be lined up. Shareholders watched in glee as shares in the FTSE 250 pub giant soared 51% on Monday after the announcement of the deal, before softening slightly on Tuesday.
Shares in peers Marston’s, JD Wetherspoon and Mitchells & Butlers have also risen since news of the acquisition broke. The deal is a much-needed vote of confidence in the UK pub
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