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.
(1999-12-13)

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Article in: [EWN Publishing]
Article Tags: [ Energy - General ][ Energy - Electricity ]

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South Australia's 200 year contract: Olsen government sells ETSA for $3.5 billion to Hutchison Whampoa | ETSA sale 11 times possible earnings: Investment banker | SA government "too concerned" with upping ETSA sale price above opening up competition | Hong Kong tycoon Li Ka-Shing wins ETSA Power, Utilities for $3.5 billion |

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