China Everbright eyeing European assets
Friday, November 20, 2015
(FinanceAsia by Ray Chan) – China Everbright Ltd. plans to launch at least two private equity funds to invest in airports and infrastructure assets in Europe in response to Beijing's "One Belt One Road" initiative.
Chen Shuang, China Everbright Ltd.'s chief executive officer, told reporters in Chongqing that plans to create a China-centred infrastructure network spanning more than 60 countries are propitious given his ambition to turn the Hong Kong-listed multi-asset manager into "China's Blackstone."
"The One Belt One Road strategy will create a lot of investment opportunities for us," Chen said.
"As part of our 'going out' strategy, we have short-listed a few airport terminals and infrastructure projects in Europe as potential acquisition targets," he said. "We plan to complete the acquisitions of overseas assets in three to five years and turn some of them into logistic hubs, providing a transit between China and Europe."
