Hong Kong Tycoon Li Ka Shing Lines Up London City Airport Bid

Reports out of Hong Kong indicate that Li Ka Shing’s Cheung Kong Infrastructure Holdings, the largest publicly listed infrastructure company in Hong Kong, is among firms that have placed indicative offers for London City Airport, which has been put up for sale by US owner Global Infrastructure Partners.

Mr Li has acquired several British infrastructure assets over the past decade, mostly in utilities, but has recently moved into transportation. Earlier this year Cheung Kong Infrastructure Holdings bought British company Eversholt Rail for £2.5 billion.

The bidders are hoping to make it to final stages of the auction in February. The airport, close to London's City and Canary Wharf financial districts, could be worth as much as HK$15.6 billion.

The other bidders include Italian infrastructure group Atlantia and three consortia, one of which is led by Macquarie Infrastructure, the sources said. The other two consortia consist of a group made up of Allianz and Canada's Borealis Infrastructure and another consisting of Wren House, Hermes and Ontario Teachers Pension Plan.

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