Hongkong's richest man Li Jiacheng's Cheung Kong infrastructure, HEC associated with the Li Jiacheng foundation and the Li Jiacheng Foundation (Overseas) at midnight on July 31st signed the "handshake" agreement, to 5775000000 pounds (about 61350000000 yuan) to the French power group to buy the British electric power network industry under the EDF Energy provided 100% UK regulated and non regulated pipe network assets, a book may not withdraw an offer.
The project is the acquisition of the group has always been the largest amount, CKI chairman Li Zeju said, CKI and HEC will account for 40% of the remaining 20% equity, equity will be limited and Li Jiacheng from the Li Jiacheng Foundation (Overseas) fund holdings. He still discloses, this project has been to Britain in the multi bank financing arrangement, Chang Jian and HEC were no financial pressure, the acquisition once implemented, project can have instant profit contribution. After the market estimate of the investment rate of return of about 15%.
It is reported, the French power group in the UK network assets by a network composed of three regions, the distribution range of services covering the London, South East England and the East, the number of customers is about 7800000, about 1/4 of UK electricity supply, as the country's largest distribution business.