CKI pays record $9.1 billion for EDF's electricity distribution in UK

Li Ka-Shing's CKI agrees to buy the debt-ridden UK electricity distribution business of France's EDF, which is the biggest ever Hong Kong deal in Europe.

Rupert Walker

August 02, 2010

Li Ka-Shing continues to grow his UK infrastructure and utility portfolio, as well as break new records. A group led by his Cheung Kong Infrastructure (CKI) has agreed to pay £5.8 billion ($9.1 billion) for the UK power distribution business of France's EDF.

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