Deutsche Bank has been mandated to advise Li Ka-shing in his bid for the UK electricity distribution assets of German power group E.ON, demonstrating once again why MA is the most unpredictable of the investment banking businesses.
One of the most talked about MA deals of 2010 was Li Ka-shing’s successful bid for Electricite de France's EDF distribution networks in the UK. A consortium led by Cheung Kong Infrastructure, which is controlled by Li, trumped the competition with a winning bid of 5.8 billion $9.1 billion. Li was advised by the Royal Bank of Scotland. Goldman Sachs, which does a great deal of work for Li, was representing a competing...
¬ Haymarket Media Limited. All rights reserved.
