Chinese now control 1/4 of UK's power distribution

[MohdSalleh]

HONG KONG—Tycoon Li Ka-shing's $9.1 billion deal for three U.K. power grids owned by Electricite de France SA makes him one of the biggest owners of Britain's infrastructure, with assets ranging from the Port of Felixstowe to Cambridge Water.

As a result of Friday's landmark deal, Mr. Li, one of the richest men in Asia, now controls about a quarter of the U.K.'s power distribution, around 10% of gas supply and less than 5% of water supply, said a person familiar with the matter.

http://online.wsj.com/article/SB10001424052748703314904575399051823049036.html

 

[Debaser82]

They should plant a thought in his mind to break up his empire.

 

[nazzdack]

Quote from MohdSalleh:
----$9.1 billion deal for three U.K. power grids owned by Electricite de France....
----Mr. Li.....now controls about a quarter of the U.K.'s power distribution, around 10% of gas supply and less than 5% of water supply.....

Foreign investors tend to overpay for foreign assets. Let him keep on buying. :eek:

 

[loza]

you saw that movie too, I walked out after realizing that it was very similar to other reality/dream sci-fi movies......

Quote from Debaser82:

They should plant a thought in his mind to break up his empire.