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Cheung Kong Infrastructure Holdings Ltd And Consortium To Buy Dutch Waste Firm-Reuters


Sunday, 16 Jun 2013 11:06pm EDT 

Reuters reported that Cheung Kong (Holdings) Ltd said it will buy Dutch waste processing firm RAV Water Treatment I B.V. for $1.26 billion (EUR943.68 million), in an overseas expansion drive that has targeted infrastructure assets offering steady recurring income. Other partners in the acquiring consortium include Hutchison Whampao Ltd's Cheung Kong Infrastructure Holdings Ltd, Power Assets Holdings Ltd and Li Ka Shing Foundation Ltd. They are buying AVR-Afvalverwerking B.V., owner of RAV Water Treatment I B.V., which processes waste and supplies renewable energy from waste incineration in the Netherlands.