Li Ka-Shing’s CKI eyes UK high-speed rail -sources

By Quentin Webb and Greg Roumeliotis

LONDON/AMSTERDAM, Aug 17 (BestGrowthStock) – Li Ka-Shing’s Cheung
Kong Infrastructure (CKI) (1038.HK: ) is one of the bidders vying
to acquire Britain’s only high-speed rail line, High Speed 1,
three people familiar with the matter said on Tuesday.

CKI is 85 percent-owned by Hutchison Whampoa Ltd (0013.HK: ),
which Li chairs. On July 30, the Hong Kong billionaire struck a
$9 billion deal, using CKI and other vehicles, to buy Britain’s
biggest electricity distribution network from French power giant
EDF (EDF.PA: ). [ID:nNN2925276]

First-round bids for High Speed 1, which could fetch 1.5
billion pounds ($2.3 billion), were due on Tuesday. At least
three other bidding groups, including teams with funds linked to
Goldman Sachs and Morgan Stanley, are competing for the rail
line. [ID:nLDE67G0S0]

London & Continental Railways, HS1’s parent company,
declined to comment. CKI did not immediately respond to an
emailed request for comment outside Hong Kong business hours.
($1=.6401 Pound)
(Writing by Quentin Webb; editing by Simon Jessop)

Li Ka-Shing’s CKI eyes UK high-speed rail -sources