MELBOURNE: Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings Ltd has offered to buy Duet Group at a premium of about 28% in a bid to win control of the Australian infrastructure company’s pipeline assets, according to people familiar with the matter.
The Hong Kong-based company made a conditional offer of A$3 a share for Duet last week, said the people, asking not to be identified as the details are private.
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