Thursday, August 15, 2024

Li Ka-shing's CK Group empire accelerates pivot to Europe

Press release] CKI and HK Electric Completed Acquisition of HK$70 Billion  UK Electricity Distribution Asset (1 November, 2010 

 Li Ka-shing's CK Group empire accelerates pivot to Europe

HONG KONG -- Cheung Kong Group, the business empire established by Hong Kong tycoon Li Ka-shing, is deepening its presence in Europe, in effect reducing its reliance on its home city and mainland China.
 
Late on Wednesday, one of the group's Hong Kong-listed arms announced that it had made a successful application for a secondary listing on the London Stock Exchange, with trading due to begin Monday.
 

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