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CKI To Pay £2.4B For Northumbrian Water

Hong Kong tycoon Li Ka-shing is buying U.K. utility Northumbrian Water Group for £2.4 billion.

    Hong Kong tycoonLi Ka-shingis buying U.K. utilityNorthumbrian Water Groupfor £2.4 billion,Reutersreports. Li’sCheung Kong Infrastructure Holdings(CKI) is paying 465 pence per share for Northumbrian.

    RBCis lead financial adviser andHSBCis financial adviser to Northumbrian, while德意志银行(Deutsche Bank)is exclusive financial adviser and corporate broker. Northumbrian will be incorporated into the newly formed companyU.K. Water, wholly owned by a consortium within the CKI group.

    Click here for the story fromReuters.

    Click here for additional coverage fromFinancial Times.

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