Li Ka-Shing's EDF win also a big score for RBS

RBS cements its M&A practice with a sole advisory role on Li Ka-Shing's acquisition of EDF assets in the UK.

On Thursday a consortium led by Li Ka-Shing’s company Cheung Kong Infrastructure emerged as the winning bidder in an auction for Electricite de France EDF’s electricity distribution networks in the United Kingdom. The networks service around 7.8 million customers and provide around a quarter of electricity power in the UK.

The auction for the assets was keenly contested and, to trump the competition, CKI agreed to pay 5.8 billion $9.1 billion, making the deal the largest-ever...

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