Li-Ka-shing to buy Dutch waste firm for US$1.26b

Cheung Kong (Holdings), controlled by Asia’s richest man Li Ka-shing, said it will buy Dutch waste processing firm RAV Water Treatment for 943.68 million euros (HK$9.8 billion), in an overseas expansion drive that has targeted infrastructure assets offering steady recurring income.

Li’s business empire, which spans property, telecoms, ports and retailing, has been seeking stable investment opportunities in well-regulated markets outside of Hong Kong, where its opportunities for expansion are becoming limited.

via Business feed http://www.scmp.com/business/companies/article/1262719/li-ka-shing-buy-dutch-waste-firm-us126b