Deals
Hong Kong Tycoon Li Readies European Infrastructure Unit for IPO
- CKI weighs selling stakes in new company ahead of listing
- Listing could free up cash for deals and cut exposure to U.K.
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Hong Kong tycoon Victor Li is taking steps to prepare his European infrastructure business for an initial public offering in London, a move that would replenish capital and reduce exposure to the U.K. as Brexit looms.
Li’s CK Infrastructure Holdings Ltd., which owns energy and water utilities globally, is considering selling minority interests in certain of its assets to a new investment company to be listed on the London Stock Exchange, Hong Kong-based CK Infrastructure said in a statement Tuesday.