Billionaire's Power Play

The HeraldJanuary 25, 2011

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Summary


Hong Kong billionaire Li Ka-shing is readying a reported pound(s)3.5 billion bid for E.ON's UK power networks, after a preferred Canadian and Abu Dhabi consortium walked away.

Li is one of more than two bidders still in the race and E.ON is keen to complete the transaction in the first quarter, a source familiar with the deal said yesterday.

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Extract


Billionaire's Power Play

Li's investment unit Cheung Kong I...

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