Britain's largest pub and brewery company Greene King has agreed to a £4.6bn sale to Hong Kong-based CK Asset Holdings.
CK Asset Holdings, founded by Hong Kong's richest man Li Ka-shing, will pay £2.7bn for the 220-year old brewery company and take on its debt, worth an additional £1.9bn.
Greene King, based in Bury St Edmunds, Suffolk, was founded in 1799 and operates nearly 3,000 pubs, restaurants and hotels, and owns brands including Hungry Horse and Chef & Brewer.
OId Speckled Hen and Abbot Ale are among its beer brands.
It currently employs around 39,000 people.