M&A Deal Summary

CK Infrastructure and Power Assets Holdings Acquire Wellington Electricity Distribution Network Holdings

On May 16, 2008, CK Infrastructure and Power Assets Holdings acquired utilities company Wellington Electricity Distribution Network Holdings from Vector for 785M NZD

Acquisition Highlights
  • This is CK Infrastructure’s 5th and Power Assets Holdings’ 4th transaction in the Utilities sector.
  • This is CK Infrastructure’s 10th and Power Assets Holdings’ 6th largest (disclosed) transaction.
  • This is CK Infrastructure’s 1st and Power Assets Holdings’ 1st transaction in Bahamas.

M&A Deal Summary

Date 2008-05-16
Target Wellington Electricity Distribution Network Holdings
Sector Utilities
Buyer(s) CK Infrastructure
Power Assets Holdings
Sellers(s) Vector
Deal Type Divestiture
Deal Value 785M NZD

Target

Wellington Electricity Distribution Network Holdings

Bahamas
The Wellington network, the fourth largest electricity distribution network in New Zealand, has a system length of over 4,592 km and is serving the Wellington, Porirua and Hutt Valley regions.

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Buyer(S) 2

Buyer

CK Infrastructure

Hong Kong, China

Category Company
Founded 1996
Sector Infrastructure
Employees2,277
Revenue 5.0B HKD (2024)
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. CK Infrastructure was founded in 1996 and is based in Hong Kong, China.


DEAL STATS #
Overall 7 of 22
Sector: Utilities M&A 5 of 14
Type: Divestiture M&A Deals 1 of 4
Country: Bahamas M&A 1 of 1
Year: 2008 M&A 1 of 2
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-27 TransAlta Cogeneration

Calgary, Alberta, Canada

TransAlta Cogeneration, L.P. generates an sells electricity. The company owns gas-fired cogeneration facilities.

Buy CA$1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-27 Taharoa Iron Sand Business - BlueScope Steel

Melbourne, Australia

Buy NZ$250M
Buyer

Power Assets Holdings

Central, China

Category Company
Founded 1889
Sector Renewable Energy
Employees16
Revenue 6.8B HKD (2024)
DESCRIPTION

Power Assets Holdings is a provider in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, energy from waste and gas distribution. Power Assets Holdings was founded in 1889 and is based in Central, China.


DEAL STATS #
Overall 5 of 13
Sector: Utilities M&A 4 of 11
Type: Divestiture M&A Deals 1 of 3
Country: Bahamas M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-27 TransAlta Cogeneration

Calgary, Alberta, Canada

TransAlta Cogeneration, L.P. generates an sells electricity. The company owns gas-fired cogeneration facilities.

Buy CA$1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Meridian Cogeneration Plant

Lloydminster, Alberta, Canada

Meridian Cogeneration Plant operates a natural gas-fired cogeneration plant with an installed capacity of 220 megawatts.

Buy -

Seller(S) 1

SELLER

Vector

Auckland, New Zealand

Category Company
Founded 1999
Sector Utilities
Employees850
Revenue 1.0B NZD (2025)
DESCRIPTION

Vector operates through two segments, regulated networks and gas trading. It distributes electricity to residential and commercial customers through its network consisting of approximately 19,000 kilometers of electricity lines bulk LPG to commercial customers and bottled LPG to commercial and residential customers, as well as processes, trades, and sells natural gas. Vector was founded in 1999 and is based in Auckland, New Zealand.


DEAL STATS #
Overall 1 of 2
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Bahamas M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Vector Metering

Wellington, New Zealand

Vector Metering provides innovative smart meter data services for more than two million electricity and gas meters. Vector Metering is based in Wellington, New Zealand.

Sell -