Li Ka-shing goes Dutch

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

Asia's richest man continues to expand his empire overseas
Li Ka-shing
Li Ka-shing

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.

The Hong Kong-based tycoon has added other notable assets to his portfolio in recent years including New Zealand-based EnviroWaste Services Ltd for $421 million earlier this year in the UK, Wales West...

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