June 17, 2013 / 12:21 AM / in 5 years

Cheung Kong forms JV to buy Dutch waste processing firm for $1.26 billion

HONG KONG (Reuters) - Hong Kong property group Cheung Kong (Holdings) Ltd (0001.HK), controlled by Asia’s richest man Li Ka-shing, said it will form a joint venture to buy Dutch waste processing firm RAV Water Treatment I B.V. for 943.68 million euros ($1.26 billion).

    Other joint venture partners include Cheung Kong Infrastructure Holdings Ltd (1038.HK), Power Assets Holdings Ltd (0006.HK), and Li Ka Shing Foundation Ltd, Cheung Kong said in a statement.

    For the statement, click here ($1 = 0.7496 euros)

    Reporting by Donny Kwok; Editing by Edwina Gibbs

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