Asia’s richest man looks to buy Irish state assets

One of Asia’s richest men, Li Ka-Shing, is considering takeover of  Ireland’s state assets, according to the Sunday Times.

According to Wikipdia He is the richest person of East Asian descent in the world and the fourteenth richest person in the world with an estimated wealth of US$21.3 billion on 13 February 2010.

 Presently, he is the Chairman of Hutchison Whampoa Limited (HWL) and Cheung Kong Holdings; through them, he is the world's largest operator of container terminals and the world's largest health and beauty retailer.

Last November, the billionaire sent a delegation to meet Brian Cowen, senior state representatives from departments of Finance and Enterprise, and IDA Ireland officials to examine whether he could take a partial holding in major state-owned assets.

ESB, Bord Gais, Bord na Mona, the National Lottery, and the state’s ports were all possible investment targets.

Li Ka-Shing is a Cantonese investor whose wealth is estimated to be over €15bn.