Li Ka-shing's Son Makes Family's Biggest Ever Overseas...

Li Ka-shing's Son Makes Family's Biggest Ever Overseas Acquisition Bid

• If completed, APA would mark Li’s 1st big deal as CK chairman
• Acquisition still subject to regulatory approvals in Australia

Rising liquefied natural gas exports and regional drilling bans have been blamed for tightening supply, forcing Prime Minister Malcolm Turnbull to threaten limiting overseas sales and sparking efforts to begin importing LNG in high-demand areas. Gas prices on Australia’s East Coast market could rise 30 percent over the next five years, driven mainly by declining low-cost domestic supply, consultant Wood Mackenzie Ltd. wrote in a report May 15

https://www.bloomberg.com/news/arti...13-billion-for-australia-pipeline-company-apa