Li Ka-Shing Group to Purchase Envestra in A$2.4 Billion Deal

Billionaire Li Ka-shing’s Cheung Kong Group agreed to acquire Envestra Ltd. in a cash deal that values the Australian natural gas distributor at A$2.4 billion ($2.2 billion), edging out a rival share offer from APA Group.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.