Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
Li Ka-shing
Breaking News
Power Assets Holdings would be exiting its units in its Hong Kong electricity business for USD 5 billion, according to sources.
Sources told Reuters that Wal-Mart Stores Inc is thinking of bidding ParknShop, the supermarket business owned by Li Ka-shing.
Asia's richest man, Li Ka-shing made several investments in Europe which are now starting to pay off.
Hutchison Whampoa Limited conducts strategic review for the ParknShop sale.
Li Ka Shing's firms buys out European owner for Dutch waste management firm.
News and developments in Asia private equity from Reuters News for the week ending Aug. 24.
bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.
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