Hong Kong's Li Ka-shing buys British train firm for $3.8 bn

Hong Kong's Li Ka-shing buys British train firm for $3.8 bn
Hong Kong (AFP) Jan 20, 2015 - Cheung Kong, the business empire of Hong Kong tycoon Li Ka-Shing, announced late Tuesday that it is buying Britain's Eversholt Rail Group for Pounds 2.5 billion ($3.8 billion). Eversholt is one of Britain's three main rail rolling stock companies, owning around 28 percent of the country's passenger trains. British private equity fund 3i Infrastructure confirmed that it and Eversholt's other in ... more

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