Asia's richest man sets sights on energy group

Asia’s richest man is today reported to be eyeing a potential takeover of United Utilities’ electricity distribution business.

Asia's richest man sets sights on energy group
Sun, 09 Sep, 2007 - 13:19

Asia’s richest man is today reported to be eyeing a potential takeover of United Utilities’ electricity distribution business.

Li Ka-shing, who ranked ninth in the Forbes 2007 billionaires list with a estimated fortune of $23bn (€16bn), is understood to be one of a number of suitors preparing first round offers for the operations, according to the Sunday Telegraph.

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CourtsBusinessHeathrowPlace: AsiaPlace: north-westPlace: Hong-KongPlace: UKPlace: BritainPlace: FelixstowePlace: HarwichPlace: Cambridge WaterPlace: Middle EastPlace: IndiaPerson: Li Ka-shingOrganisation: United Utilities’Organisation: Sunday TelegraphOrganisation: United UtilitiesOrganisation: NorwebOrganisation: Hutchison WhampoaOrganisation: SuperdrugOrganisation: Cheung Kong InfrastructureOrganisation: Thames WaterOrganisation: MidAmericanOrganisation: JP MorganOrganisation: UBSOrganisation: North West WaterOrganisation: Dubai PortsOrganisation: TataOrganisation: CorusOrganisation: Delta TwoOrganisation: Sainsbury
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