Out of his father’s shadow, Victor Li mounts $9.8b bid for Australia’s APA

Victor Li
Victor Li (left) speaks with Li Ka-shing during a news conference in Hong Kong, China, on Friday, March 16, 2018. Photographer: Anthony Kwan/Bloomberg

Hong Kong’s Cheung Kong Infrastructure Holdings Ltd. offered A$13 billion ($9.8 billion) for Australian gas pipelines company APA Group, as new chairman Victor Li starts his tenure attempting the company’s biggest-ever takeover.

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