Friday, September 21, 2018
Martin Hennecke

CK Assets sees Ista gain
CK Assets (1113) expects to gain a double-digit return on equity from its acquisition of Ista, a German metering and energy management company, deputy chairman Victor Li Tzar-kuoi said yesterday.

Tycoon Li Ka-shing's eldest son however cited the difficulties of predicting the group's payback from the investment in five years.

CK Assets made the deal jointly with CK Infrastructure Holdings Ltd (1038), a unit of CK Hutchison Holdings (0001).

The deal will not affect CK Infrastructure's liabilities as Ista's debt is lower than the industry average and that of CK Assets.

Ista is engaged in heating and water supply which are necessities in Europe. CK Assets earlier agreed to acquire Ista for 4.5 billion euros (HK$41.55 billion).

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