Hong Kong tycoon Li Ka-Shing wins ETSA Power, Utilities for $3.5 billion
First 1 of 1 paragraphs shown Hong Kong business tycoon Li Ka-Shing is at the head of the winning $3.5 billion bid for South Australia's ETSA Power retail and ETSA Utilities distribution network businesses. The winning Cheung Kong Infrastructure (CKI)-Hongkong Electric consortium has secured a 200-year lease of the distribution network, instead of the proposed 97-year deal, and will buy outright ETSA Power. Premier John Olsen is reportedly "jubilant" about the deal. CKI/Hong Kong Electric is part of Hong Kong-based global telecommunications, infrastructure and investment conglomerate, Hutchison Whampoa. ...Log in to read rest of Article or image.