The £12 billion auction for National Grid’s gas pipeline business is set to enter its final phase today with a string of bidders from China, Europe, Australia, the Middle East and North America preparing to table offers. Li Ka Shing, Hong Kong’s richest man, is understood to be participating through his Cheung Kong Infrastructure vehicle, which already owns a string of UK business interests, including the electricity distribution network formerly owned by EDF. Another Chinese consortium is believed to include Fosun, the industrial conglomerate, and China Gas.
Times 23rd Sept 2016 read more »
FT 22nd Sept 2016 read more »