CK Infrastructure to buy German metering firm Ista: Reuters
A consortium led by Hong Kong's CK Infrastructure said it would buy German metering and energy management group Ista in a deal valued at up to US$5.25 billion, Reuters reported. CKI, part of conglomerate CK Hutchison Holdings, is acquiring Ista from private equity firm CVC Capital Partners. Canada Pension Plan Investment Board holds a minority stake in Ista, obtained in 2013 as part of CVC's acquisition. CPPIB reportedly teamed up with Blackstone Group to bid for the whole company.
27 July 2017•2 mins read
