Li Ka-shing divvies up M&A mandates

Hong Kong tycoon Li Ka-shing appoints Deutsche Bank to advise him on his bid for E.ON's UK power distribution assets, as Goldman Sachs is once again conflicted.

Li Ka-shing divvies up M&A mandates
Li Ka-shing

Deutsche Bank has been mandated to advise Li Ka-shing in his bid for the UK electricity distribution assets of German power group E.ON, demonstrating once again why MA is the most unpredictable of the investment banking businesses.

One of the most talked about MA deals of 2010 was Li Ka-shing’s successful bid for Electricite de France's EDF distribution networks in the UK. A consortium led by Cheung Kong Infrastructure, which is controlled by Li, trumped the...

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