Loan sought as Li Ka-shing readies Swedish bid

Cheung Kong Infrastructure and Power Assets reach out to relationship lenders for potential $5b-$6b loan to fund bid for Fortum's Swedish assets.

Denise Wee

December 04, 2014

Cheung Kong Infrastructure and Power Assets, both controlled by Hong Kong tycoon Li Ka-shing, have reached out to lenders to back a joint bid for Fortum’s Swedish power grid, according to two sources familiar with the matter.

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