trending Market Intelligence /marketintelligence/en/news-insights/trending/txf5rk_l96bgi5kksosvja2 content esgSubNav
In This List

CK Asset takes US$1.22B stake in investment holding company

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


CK Asset takes US$1.22B stake in investment holding company

Three CK Hutchison Holdings Ltd. companies have entered into an economic benefits agreement for interests in Cheung Kong (Infrastructure Investment) Ltd. and its subsidiaries.

Under the Aug. 31 deal, units of CK Asset Holdings Ltd., CK Infrastructure Holdings Ltd. and Power Assets Holdings Ltd. will receive benefits in proportion to their respective 40%, 30% and 20% stakes in the company. The trio are paying about US$1.22 billion, US$917.2 million and US$611.5 million for their shareholdings.

CK Asset, CK Infrastructure and Power Assets will earn their returns from the investments based on the performance of Cheung Kong (Infrastructure Investment)'s infrastructure assets portfolio.

The investment holding subsidiary of Cheung Kong (Holdings) Ltd. and its subsidiaries hold stakes in Canada's largest off-airport car park provider, a water and sewerage company in England and Wales, a natural gas distributor in Australia, a gas distribution network provider in Wales and the South West of England, a rolling stock operating company in the U.K. and the Netherlands' largest energy-from-water company.