CK Infrastructure Holdings (CKI), part of Hong Kong tycoon Li Ka-shing’s business empire, is reportedly to acquire 32 onshore wind farms in the UK from Aviva.
The consortium led by Li’s infrastructure and energy business entered into an agreement to acquire the 175MW portfolio of operating wind farms in the UK from Aviva Investors for around £350m, according to the South China Morning Post.
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The transaction is expected to close in late September.
The consortium comprises CKI and Li’s property flagship CK Asset Holdings, which will both hold 40% of the interests in the portfolio, and Li’s international energy utility investment unit, Power Asset Holdings, which will hold 20%, according to the report.