Summary
A CHINESE billionaire could treble the flow of cash from his UK businesses to his firm's profits after pushing ahead with a 2.4bn takeover of Northumbrian Water.
UK Water, a consortium headed by Cheung Kong Infrastructure Holdings Limited (CKI), the investment vehicle of Hong Kong-based billionaire Li Kashing, the world's 11th richest person, yesterday confirmed its intention to buy the County Durham-based business.See the full content of this document
Extract
Water Deal Tipped to Impress Shareholders
CKI's UK operations almost doubled their contribution to its profits last year, to about 95m, and buying Northumbrian Water...
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