HONG KONG, June 16, SinoCast -- Cheung Kong Infrastructure Holdings Limited (SEHK: 1038) under Li Ka-shing reportedly planned to bid for English railway train leasing service provider Porterbrook for GBP 2.5 billion or HKD 32.9 billion. Involved parties have made no response.
Last month, Cheung Kong Infrastructure teamed up with Cheung Kong (Holdings) Limited (SEHK: 0001) and spent big money in acquiring Canadian airport parking service provider Park'N Fly. Within a week later, the two teamed up with Power Assets Holdings Limited (SEHK: 0006) and purchased Australian natural gas distributor Envestra.
Currently, Li Ka-shing has held dozens of power, gas and water treatment projects in England including UK Power Networks, covering 30% local power and 22% gas distribution market.
05/29 - SYDNEY (Reuters) - Australian gas pipeline owner Envestra Ltd (>> Envestra Limited) backed a A$2.37 billion (1.3 billion pounds) cash takeover bid from firms linked to Hong Kong tycoon Li Ka-shing, a deal that would give Asia'...