Falling Pound Helps Foreign Firms Merging UK Firms

 

August 27, 2019

Andrew Campbell 

 

Hasbro Inc., an American toy and board game company, which owns Mr. Potato Head and Monopoly games, has acquired Entertainment One (eOne), a Canadian mass media and entertainment company, on August 22. It owns the UK-based, children’s franchises Peppa Pig and PJ Masks and hip hop music label Death Row Records, in a US$4 billion deal.

 

On August 19 the retail, telecoms and power firm CK Asset Holdings Limited of Hong Kong, founded by real estate giant Li Ka-Shing, agreed a £4.6 billion takeover on Greene King, including its debt of £1.9 billion. Greene King has the largest pub and brewery retailer of more than 2,700 pubs, restaurants and hotels across the UK.

 

Meanwhile, the brewer Fuller's beer production and distribution, including London Pride, was sold to Japan's biggest brewer Asahi for £250 million in January of 2019. Analysts stated on the falling pound, UK’s enterprises are encountering acquisition from overseas companies in a series of consolidation.

 

 

Photo:Webshot.

source: 
Global People Daily News