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Cheung Kong Infrastructure Holdings, a Hong Kong development company controlled by the billionaire Li Ka Shing, also submitted a bid.
Mr. Li's company, Cheung Kong Infrastructure Holdings, has bid 465 pence for each Northumbrian share, in what would be the largest takeover of a listed British company this year.
Cheung Kong Infrastructure Holdings and Cheung Kong Holdings, two companies listed in Hong Kong and controlled by Mr. Li and his family, each have a 35 percent stake in the purchasing consortium.
The water company, which has about 4.4 million customers in Britain, said Cheung Kong Infrastructure Holdings made a nonbinding takeover proposal bid of £4.65 a share, or £2.4 billion.
The state's power network that blacked out last week is not a public asset, but owned and operated by Hong Kong based private company Cheung Kong Infrastructure Holdings, calling itself SA Power Networks.
Other bidders include Cheung Kong Infrastructure Holdings, a Hong Kong development company controlled by the billionaire Li Ka Shing, and YTL, an Asian energy company run by the Malaysian tycoon Francis Yeoh.
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Privately held shares and capital investments in infrastructure and timber holdings make up about 12% of the plan's portfolio.
Large sums could be mobilised if funds in OECD countries followed the lead of those in Latin American and allocated 3% of their holdings to infrastructure investments.
Three Hong Kong-listed companies controlled by Mr. Li and his family — Cheung Kong Holdings, Cheung Kong Infrastructure and Power Assets Holdings — each have a 30 percent stake in the bidding consortium, while the charitable Li Ka-shing Foundation will hold the remaining 10 percent stake, according to a joint stock exchange announcement on Wednesday.
Development of lease holdings require infrastructure, like pipelines, rail service and the like.
They expect Occidental to next sell its stake in energy infrastructure provider Plains GP Holdings LP, an interest that could yield around $700 million.
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