Northumbrian Water shares jump after Li Ka-Shing takeover

Source: The Telegraph

Shares in Northumbrian Water rose by 4pc after the utility group agreed to be taken over by Hong Kong’s richest man for £4.7bn.

It is the second purchase of utility assets by Li Ka-Shing’s Cheung Kong Infrastructure Holdings (CKI), after the group bought EDF’s networks last year for more than £5bn.

CKI’s latest transaction triggered the sale of its other water asset Cambridge Water to HSBC for £74m to avoid a referral to the Competition Commission under merger rules.

Read More: Northumbrian Water shares jump after Li Ka-Shing takeover

This entry was posted in Headlines, Health Related and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply