Hong Kong billionaire, Li Ka-shing, is close to a £3.7 billion deal for E.ON’s U.K. power networks, Reuters reports, citing The Sunday Times. Li’s investment arm, Cheung Kong Infrastructure (CKI), made a bid more than rival U.S. power producer, PPL. Germany’s E.ON had put its U.K. networks up for sale in December as part of a plan to sell assets worth £13 billion through to 2013. In 2010, Ka-shing’s CKI and his other investment arm Hongkong Electric had acquired the network business of French utility EDF for £5.8 billion.
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