Sunday, March 4, 2007
Li Ka-shing Sells Stake in Hutchison Essar for US$ 11 billion
'Superman' Li Ka-shing cashes in
13 Feb 2007 , Tony Munroe HONG KONG, Reuters
Hong Kong billionaire Li Ka-shing cemented his status as a master of market timing with an US$11 billion deal to sell a controlling stake in Indian mobile carrier Hutchison Essar to Vodafone Group Ltd.
Known in Hong Kong as "Superman" for his deal-making prowess, the 78-year-old Li, who fled Japanese-occupied mainland China with his family in 1940, built a plastic flower business into a global empire with more than 220,000 employees in 56 countries.
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13 Feb 2007 , Tony Munroe HONG KONG, Reuters
Hong Kong billionaire Li Ka-shing cemented his status as a master of market timing with an US$11 billion deal to sell a controlling stake in Indian mobile carrier Hutchison Essar to Vodafone Group Ltd.
Known in Hong Kong as "Superman" for his deal-making prowess, the 78-year-old Li, who fled Japanese-occupied mainland China with his family in 1940, built a plastic flower business into a global empire with more than 220,000 employees in 56 countries.
More from this news report
Labels: li-ka-shing, telecommunications
PermaLink - Li Ka-shing Sells Stake in Hutchison Essar for US$ 11 billion posted by Ecacofonix : 3:41 AM
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