Li Ka-shing continues buying spree

A consortium of Li Ka-shing controlled companies agree to buy Australia gas distributor Envestra, as Hong Kong's richest man extends his overseas empire.

Li Ka-shing continues buying spree

Hong Kong tycoon Li Ka-shing has extended his overseas buying spree and looks set to keep going. On Friday, a consortium including Cheung Kong Infrastructure, Cheung Kong Holdings and Power Assets, agreed to buy Australia’s gas distributor Envestra in a deal that values the latter at A$2.4 billion.

The consortium put in the bid on May 8 and Envestra’s independent directors unanimously recommended the cash offer of A$1.32 on Friday. The consortium beat a rival...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...