Business     

Li Ka-shing buys UK's train company

CRI, January 22, 2015

• Hong Kong tycoon Li Ka-shing [File Photo/Chinanews.com]

  Hong Kong tycoon Li Ka-shing has bought Britain's Eversholt Rail for some 3.8 billion US dollars.

  Eversholt is one of the UK's three leading rail companies.

  The company owns and operates close to 30-percent of the UK's passenger trains.

  Li Ka-shing's company says they're basing their acquisition on Eversholt's steady income, longer-term leases and the UK's growing number of rail passengers.

  Cheung Kong Group has reportedly poured in around 50 billion dollars into the UK, making it the biggest overseas investor in the country.

Copyright © China.org.cn. All Rights Reserved