What are the deep-seated tricks behind Li Ka-shing's 43 billion acquisition of British chain bars?

Li Ka-shing strikes again. The real estate investment company of Li Ka-shing, a Hong Kong billionaire, has agreed to buy Greene King, a British bar, for nearly 5 billion pounds, the Financial Times reported on the 20th.

It is reported that in addition to the direct cash purchase of 2.7 billion pounds, the Li Ka-shing family will also bear the debt of Gree King 654.38+09 billion pounds, so the total amount will reach 4.6 billion pounds.

In this transaction, the Li Ka-shing family will buy all the shares of King Green, and the purchase price is 565,438+0% higher than the company's closing price on the London Stock Exchange in the previous trading day. After the news came out, King Green's share price soared by nearly 50% to 849 pence per share.

King Green, founded in 1799, is a leading British brewery and English bar group, operating more than 2,700 English bars, restaurants and hotels in England, Wales and Scotland. According to the latest announcement of King Gree, the largest bar group in Britain still has excellent assets and cash flow.

As of April 20th, 2008, King Green's financial income in the past year was 21770,000 pounds, the profit before special and non-basic projects was 373 million pounds, and the profit after tax was 243 million pounds.

For this acquisition, Changjiang Industrial Group said that Green King is a leading multinational company, and its diversified business covers property, real estate, real estate investment, hotel and service suite business, property management, investment in infrastructure and practical assets business, and aircraft leasing business.

Cheung Kong Industrial Group attaches great importance to medium-and long-term strategic investment and the stable, profitable and cash-flow business of Green King under the background of British real estate industry. A spokesman for the Li Ka-shing family also believes that British bars will continue to be an important part of the British culture, catering and light food social market.

The attraction of King Green includes its size and position in the British bar market, and the fact that many of its stores have permanent ownership and long-term lease rights. The company's asset allocation is very good. Even if the hotel business loses money, its real estate leasing business can definitely guarantee profitability, which can be said to be a stable and profitable business.