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Companies

Li Ka-shing's CK Group empire accelerates pivot to Europe

London listing, new acquisitions dilute exposure to Hong Kong and mainland China

The Cheung Kong Center II, developed by CK Asset Holdings, in Hong Kong. The conglomerate founded by tycoon Li Ka-shing has been snapping up assets in the U.K. this year.   © Getty Images

HONG KONG -- Cheung Kong Group, the business empire established by Hong Kong tycoon Li Ka-shing, is deepening its presence in Europe, in effect reducing its reliance on its home city and mainland China.

CK Infrastructure Holdings, one of the group's Hong Kong-listed arms, announced late on Wednesday that it had made a successful application for a secondary listing on the London Stock Exchange. Trading there is due to begin Monday under the ticker symbol "CKI."

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