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德国意昂集团To Get £3.5B Bid For U.K. Network

The U.K. power networks of E.ON may receive a £3.5 billion bid from Hong Kong billionaire, Li Ka-shing.

    The U.K. power networks of德国意昂集团may receive a £3.5 billion bid from Hong Kong billionaire,Li Ka-shing,Reutersreports, citingThe Sunday Times. Li’s investment unit,Cheung Kong Infrastructure(CKI), had previously offered £3.5 billion to the German utility in 2010.

    CKI has appointed德意志银行(Deutsche Bank)for advice, while E.ON hiredJP Morganto handle the sale. TheCanada Pension Plan Investment BoardandAbu Dhabi Investment Authority, who were previously interested in E.ON’s U.K. electricity distribution business, have exited talks.

    Click here for the story fromReuters.

    Click here for the additional coverage fromBloomberg.

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