M&A Deal Summary

CK Infrastructure and Power Assets Holdings Acquire CKI/HEI Electricity Distribution Two Pty

On August 30, 2002, CK Infrastructure and Power Assets Holdings acquired utilities company CKI/HEI Electricity Distribution Two Pty

Acquisition Highlights
  • This is CK Infrastructure’s 3rd and Power Assets Holdings’ 2nd transaction in the Utilities sector.
  • This is CK Infrastructure’s 3rd and Power Assets Holdings’ 2nd transaction in Australia.

M&A Deal Summary

Date 2002-08-30
Target CKI/HEI Electricity Distribution Two Pty
Sector Utilities
Buyer(s) CK Infrastructure
Power Assets Holdings
Deal Type Joint Venture

Target

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.

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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 3 of 22
Sector: Utilities M&A 3 of 14
Type: Joint Venture M&A Deals 2 of 3
Country: Australia M&A 3 of 6
Year: 2002 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-30 CitiPower I Pty

Melbourne, Australia

Citipower distributes approximately 5,300 GWh of electricity to around 265,000 customers in the central business district and inner suburban areas in Melbourne, Victoria.

Buy AU$1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-31 North England Gas Distribution Network

United Kingdom

EG is one of the 8 major gas distribution networks in the United Kingdom. Its network extends south from the Scottish border to South Yorkshire, containing a mixture of large cities (Newcastle, Middlesborough, Leeds and Bradford) and a significant rural area including North Yorkshire and Cumbria. It comprises approximately 36,000 km of distribution gas mains, with a total gas demand of 94 TWh. The network serves a total population of 6.7 million.

Buy £1.4B
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 2 of 13
Sector: Utilities M&A 2 of 11
Type: Joint Venture M&A Deals 1 of 1
Country: Australia M&A 2 of 4
Year: 2002 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-30 CitiPower I Pty

Melbourne, Australia

Citipower distributes approximately 5,300 GWh of electricity to around 265,000 customers in the central business district and inner suburban areas in Melbourne, Victoria.

Buy AU$1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-12 North England Gas Distribution Network

United Kingdom

EG is one of the 8 major gas distribution networks in the United Kingdom. Its network extends south from the Scottish border to South Yorkshire, containing a mixture of large cities (Newcastle, Middlesborough, Leeds and Bradford) and a significant rural area including North Yorkshire and Cumbria. It comprises approximately 36,000 km of distribution gas mains, with a total gas demand of 94 TWh. The network serves a total population of 6.7 million.

Buy -