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Finance / Australia

Hong Kong's 'Superman' To Buy NZ Electricity Network

May 2008 | M&A News Alert

Hong Kong's so-called superman, Li Ka-shing, has extended his reach to New Zealand via his company Cheung Kong Infrastructure Holdings (CKI). CKI bid NZD785mn (US$614mn) for Wellington's power network, which is currently owned by New Zealand's Vector.

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