Li eyes UK infrastructure IPO
Summary
Victor Lis CK Infrastructure Holdings (1038), which owns energy and water utilities globally, is considering listing some UK assets through a London initial public offering. CK Infrastructure is speaking with investment banks about the listing of certain UK holdings through a potential multibillion-dollar fund, according to market sources. Li built a stable of British infrastructure assets ranging from sewage to gas to rail over the last decade. The potential listing could help CK Infrastructure replenish capital after the acquisition spree, giving it more firepower to go after bigger deals in the future. An IPO could also facilitate any move by CKI to reduce its exposure in the UK - amid uncertainties tied to the countrys looming exit from the European Union and the so-called "return reset" for some of its assets.