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New Deal


Announced

CK Asset to acquire four European utilities from Li Ka Shing Foundation for $2.2bn.

Financials

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Transaction Value£1,585m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

United Kingdom

Integrated Oil and Gas

Majority

Cross Border

Friendly

Netherlands

energy industry

Acquisition

Infrastructure

Single Bidder

Pending

Synopsis

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CK Asset, an operator of real estate businesses, agreed to acquire four European utilities from Li Ka Shing Foundation, a Hong Kong-based charitable organization, for $2.2bn. “The deal is positive to the share price and create value for shareholders,” Victor Li, Ck Asset Chairman.

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