Comment on Hong Kong tycoon Li offers $5.4B for Australia energy firm

Hong Kong tycoon Li offers $5.4B for Australia energy firm

HONG KONG (AP) — Australian energy company Duet Group says it's considering a multibillion dollar takeover offer from the infrastructure arm of Hong Kong tycoon Li Ka-shing's business empire. The proposal comes after the Australian government in August blocked a A$10 billion joint offer from Cheung Kong and Chinese state-owned State Grid to lease a Sydney electricity grid, citing national security grounds.

 

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