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Li Jiacheng Expanded To &Nbsp In The UK, Or Huge Sums Of Money To Bid For The British High-Speed Rail.

2010/8/19 18:36:00 105

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Asia's richest man

Li Jiacheng

The Changjiang capital construction group (30.2, -0.05, -0.17%)

Economy

Tong real time quotes (1038.HK) has bid for the UK's only high-speed rail line, the 1 high-speed railway, which could be worth 1 billion 500 million pounds ($2 billion 300 million).

The parent company of No. 1 high-speed railway, a London continental railway spokesman, confirmed on day 18 that it was aiming at No. 1.

High-speed rail

The indicative tender ended on the 17 th.

It has been revealed that at least, there are competing bidders, such as Goldman Sachs Group, France Europe tunnel group and Infracapital, such as more than 5 companies in the UK, including Morgan Stanley's bidding group, Britain's second largest pension fund University retirement plan and CDC Infrastructure of the French state-owned financial institutions trust and investment Bureau.

Finally, the winner will be granted a 30 year permit to operate the 68 mile railway between the London and Anglo French tunnels.

Jacques, CEO of France Eurotunnel group.

Gu Nong said 18 days that the company did not intend to pay more for the right to operate the 1 high-speed railway.

As of press release, Changjiang capital construction has not yet commented on the paction.

In July 30th, the consortium made up of the Yangtze River capital construction and the Hongkong electric light (47.35, -0.10, -0.21%, economic and real time quotes) group and Li Jiacheng foundation, which was under Li Jiacheng's banner, acquired the exclusive right to purchase EDF power in the UK at a price of 5 billion 775 million. After completion of the paction, Li Jiacheng may control 1/5 of the electricity supply in the UK.

Gan Qinglin, managing director of Changjiang capital construction, said that the Yangtze River infrastructure was involved in the UK public market because of its stable returns.

Cause

Business interests are strong.

Since 2004, Li Jiacheng has completed many acquisitions in the UK public utilities business, and the pace of expansion continues to accelerate.

It has invested about 1 billion 670 million pounds in the UK only with the capital construction of the Yangtze River and the Hongkong electric meter.

Analysts point out that there may be two main reasons for frequent attacks on the capital construction of the Yangtze River. First, under the support of 3G business, Li Jiacheng's Admiral Company, Whampoa, 61.85,0.85,1.39% (0013.HK) ended several years of sluggish performance and no longer consumed group cash. Secondly, Li Jiacheng was optimistic about the prospects for global economic recovery.