HONG KONG, July 30 (Reuters) - Cheung Kong Infrastructure (CKI) (1038.HK) and Hong Kong Electric (0006.HK) said on Friday they planned to buy France’s EDF’s (EDF.PA) British power grids for 5.8 billion pounds ($9.1 billion).
The announcement confirms an earlier story by Reuters, citing sources, that EDF, the world’s second-largest utility, had agreed to sell its British power grids for more than 5.5 billion pounds to the two companies controlled by Asia’s richest man, Li Ka-shing. [ID:nNN2925276].
Trading in shares of CKI and HKE will resume at 0630 GMT on Friday. (Reporting by Sui-Lee Wee, Editing by Jacqueline Wong)