M&A Deal Summary

CK Infrastructure and HK Electric Investments Acquire Powercor Australia

On August 3, 2000, CK Infrastructure and HK Electric Investments acquired utilities company Powercor Australia for 2.3B AUD

Acquisition Highlights
  • This is CK Infrastructure’s 1st and HK Electric Investments’ 1st transaction in the Utilities sector.
  • This is CK Infrastructure’s 6th and HK Electric Investments’ largest (disclosed) transaction.
  • This is CK Infrastructure’s 1st and HK Electric Investments’ 1st transaction in Australia.

M&A Deal Summary
Date 2000-08-03
Target Powercor Australia
Sector Utilities
Buyer(s) CK Infrastructure
HK Electric Investments
Deal Type Joint Venture
Deal Value 2.3B AUD

Target

Powercor Australia

Melbourne,, Australia
website
Powercor is the largest of five electricity distributor/retailers in the Australian state of Victoria, serving the largest geographic region and the largest number of customers in the state. Its network covers seven of Victoria's eight largest provincial centres, providing electricity to an area of over 150,000 square km, ie over half the state.

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Buyer(S) 2

Buyer

CK Infrastructure

Hong Kong, China

website

Category Company
Founded 1996
Sector Infrastructure
Employees2,365
Revenue 6.6B HKD (2022)
DESCRIPTION

CK Infrastructure is a global infrastructure company that aims to make the world a better place through a variety of infrastructure investments and developments in different parts of the world. The Group has diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management, Waste-to-energy, Household Infrastructure, and Infrastructure Related Businesses. CK Infrastructure was founded in 1996 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 22
Sector (Utilities) 1 of 14
Type (Joint Venture) 1 of 3
Country (Australia) 1 of 6
Year (2000) 1 of 1
Size (of disclosed) 6 of 14
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-30 CKI/HEI Electricity Distribution Two Pty

Melbourne,, Australia

CKI/HEH the biggest electricity distributor in Australia in terms of customers, serving a total of 1.6 million customers.

Buy -
Buyer

HK Electric Investments

Hong Kong, China

website

Category Company
Founded 1889
Sector Utilities
Employees1,699
Revenue 11.3B HKD (2021)
DESCRIPTION

HK Electric Investments is an entity that is principally engaged in generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. HK Electric Investments was founded in 1889 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Joint Venture) 1 of 1
Country (Australia) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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