Li Ka-shing buys Dutch waste firm for $1.3 billion

Asia's richest man continues to expand his empire overseas

Li Ka-shing buys Dutch waste firm for $1.3 billion

Li Ka-shing continued his run of overseas acquisitions on Monday with the purchase of a private Dutch waste-processing firm for 943.68 million HK$9.77 billion.

Li Ka-shing’s flagship firm, Cheung Kong Holdings, and affiliated companies, said in a statement that they have bought Rotterdam-headquartered RAV Water Treatment.

“The purchase reflects CKH’s strategy to embrace new growth opportunities through diversification and globalisation,” the company said in the statement.

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