Homegrown funds are squaring up to Chinese investors including the Hong Kong tycoon Li Ka-shing in the final round of a £2bn battle to buy one of the UK’s largest electricity networks. The final auction round for Electricity North West will see UK asset manager Equitix go head-to-head against Mr Li’s Cheung Kong Infrastructure fund and a joint venture between State Grid Corporation of China and China Southern Power Grid. City sources said the final bidding round for JP Morgan’s power grid company will also be fought by Canadian asset manager Brookfield and Scottish Power parent company Iberdrola.
Telegraph 21st April 2019 read more »
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