Some of Gedling borough’s top pubs have gained a new owner – a Chinese billionaire.
The Hutt in Ravenshead, Travellers Rest in Mapperley and Friar Tuck in Arnold are some of the pubs included as part of a £2.7billion deal for the Greene King pub and hotel estate, which has been snapped up by Hong Kong’s richest family.
The pubs will now be owned by CKA Group, a global firm controlled by Li Ka-shing, the 91-year-old multibillionaire who also owns pharmacy chain Superdrug and mobile operator Three.
These are the other pubs in the borough included in the sale:
Wheatsheaf Inn in Burton Joyce,
Plainsman in Mapperley,
Coopers Brook in Daybrook,
Ferry Boat Inn in Stoke Bardolph
Starting Gate in Colwick
Arrow in Arnold
Tree Tops in Mapperley
The bid, which Greene King directors have now advised shareholders to approve will values the company at £2.7billion.
CKA, a property business based in Hong Kong but incorporated in the Cayman Islands, is a part of a vast empire of global business interests headed by Li Ka-shing, estimated to be worth US$29.4bililion, making him the world’s 30th richest man.