One of the major deals of the last week was the move by Li Ka-Shing, the richest man in Hong Kong, to purchase a British unit of the French power giant Electricite de France for a shade over $9.1 billion. Herbert Smith and DLA Piper scored lead roles in the deal, through which companies controlled by Li will take control of a power grid that supplies London, the London Underground and Heathrow and Gatwick airports, according to the U.K. publication Legal Week.
DLA Piper advised Cheung Kong Infrastructure, the lead partner in a consortium of Li-controlled companies that will take over the power grid as part of Li’s continued push to expand beyond Hong Kong, according to Legal Week and The Wall Street Journal.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]