YTL hunts for UK assets amid Brexit shock

Yeoh: ‘We have always loved assets like utilities that are long term. Investors like myself buy long term businesses.’

PETALING JAYA: YTL Corp Bhd, the Malaysian conglomerate which snapped up a British utility from the now defunct Enron Corp more than a decade ago, is looking for bargains again after the UK vote to leave the European Union sent assets plummeting, reports Bloomberg.

The report, quoting YTL managing director Tan Sri Francis Yeoh, said the company, one of Malaysia’s biggest investment holding groups with utilities and property in Britain, will look for infrastructure utility assets in the UK over the next two to three years.