Billionaire Li Ka-Shing offers $5.4b to buy Australia's Duet Group

Billionaire Li Ka-Shing offers $5.4b to buy Australia's Duet Group

Li Ka-Shing (Bloomberg)

Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings Ltd. has offered to buy Duet Group at a premium of about 28 percent in a bid to win control of the Australian infrastructure company’s pipeline assets, according to people familiar with the matter.

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