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
Li Ka-shing

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.

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