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Asia: Continent’s wealthiest tycoon captures Dutch waste management co

 |  June 17, 2013

Tycoon Li Ka-shing, the wealthiest man in Asia, will pay more than $1 billion to acquire a Netherlands-baste waste management company, say reports. The deal will expand Li’s portfolio, which already includes a conglomerate of companies, and strengthen its global presence in utilities and infrastructure markets. Four of Li’s companies will jointly acquire the Dutch company AVR for $1.26 billion. Forbes has ranked Li as the eighth-richest person on the planet; his net worth is estimated at $31 billion.

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