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HK's CKI exploring opportunities in Australia, Canada, China
Fri, 30th Jul 2010 10:21
HONG KONG, July 30 (Reuters) - Hong Kong's Cheung Kong Infrastructure said on Friday it is exploring other opportunities in Australia, Britain, Canada and China, following its deal to team with three affiliates to buy British power grid assets from France's EDF for $9.1 billion
CKI, controlled by Li Ka-shing, Asia's richest man, is currently in talks with companies in Australia and Canada for smaller-sized deals, deputy chairman Edmond Ip told reporters at a briefing to discuss the deal.
He said CKI expects the deal to buy EDF's British power grid will be approved by European regulators, and that the purchase will roughly double CKI's presence in Britain.
(Reporting by Doug Young; Editing by Ken Wills)
((doug.young@thomsonreuters.com; +852 2843-1631; Reuters Messaging: doug.young.reuters.com@reuters.net)) Keywords: CKI EDF/
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
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Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
CKI, controlled by Li Ka-shing, Asia's richest man, is currently in talks with companies in Australia and Canada for smaller-sized deals, deputy chairman Edmond Ip told reporters at a briefing to discuss the deal.
He said CKI expects the deal to buy EDF's British power grid will be approved by European regulators, and that the purchase will roughly double CKI's presence in Britain.
(Reporting by Doug Young; Editing by Ken Wills)
((doug.young@thomsonreuters.com; +852 2843-1631; Reuters Messaging: doug.young.reuters.com@reuters.net)) Keywords: CKI EDF/
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
