CK Hutchison Holdings Ltd

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CK-Hutchison-Holdings.svg
CK Hutchison Holdings is a Cayman Islands-registered multinational conglomerate, headquartered in Hong Kong, with activities in 50+ countries.ref The group operates through 5 areas:
  • 49.8%: Retail: sale of beauty and care products, perfumes, household appliances, wine, beverages, etc.;
  • 25.7%: Telecommunication services;
  • 10.4%: Port development and operation;
  • 7.5%: Infrastructure development, construction and operation: power plants, wastewater treatment plants, water distribution units, etc.;
  • 6.6%: Other: primarily acquisition of stakes.

ToDo: Reports, Group structure 2014,

Company

Shareholders

Total float: 69.4%
Source: MarketScreener.svg, Mar.2020

Eastspring Investments (Singapore) Ltd is a wholly-owned subsidiary of Prudential plc. The company was formerly known as Prudential Asset Management (Singapore) Ltd, and was re-named Eastspring Investments (Singapore) Ltd in Feb.2012.

Structure

ToDo: See Holdings

CKHH holds a 75.67% interest in CK Infrastructure Holdings Ltd (CKI). CKHH also holds direct interests in some CKI-led infrastructure projects: Northumbrian Water Group Ltd, UK Rails Sarl, Wales & West Gas Networks (Holdings) Ltd. ref

  • CK Hutchison Holdings Ltd, investment holdco, ref
    • 75.67%: #CK Infrastructure Holdings Ltd CK-Infrastructure-Holdings.svg
      • 38.01%: #Power Assets Holdings Ltd CK-Hutchison-Holdings-Power-Assets.svg
        • Flag-Hong-Kong.svg Precision Goal Ltd, OC, reg. Hong Kong
          • CKI Gas Infrastructure Ltd, CH
        • 50/50: Super Ace Enterprises Ltd + Superb Year Ltd, reg. ?
          • Sino Task Ltd, ref
    • 75%: Flag-Cayman-Islands.svg AS Watson Holdings Ltd, reg. Cayman Islands AS-Watson-Group-2017.svg
      • Flag-Netherlands.svg AS Watson (Health & Beauty Continental Europe) BV, was Kruidvat Holding BV, OpenCorporates-sm.svg, reg. Netherlands
      • Flag-Netherlands.svg AS Watson (Europe) Holdings BV, OpenCorporates-sm.svg, reg. Netherlands
        • AS Watson (Health & Beauty UK) Ltd, was Watson's Personal Care Stores (UK) Holdings Ltd, OpenCorporates-sm.svg
          • Superdrug Stores plc, OpenCorporates-sm.svg Superdrug-2005.svg
          • Savers Health & Beauty Ltd, was Savers Drugstores plc, OpenCorporates-sm.svg
          • AS Watson (P&C UK) Ltd,
            • Merchant Retail Group Ltd, OpenCorporates-sm.svg
              • The Perfume Shop Holdings Ltd, OpenCorporates-sm.svg
                • The Perfume Shop Ltd, OpenCorporates-sm.svg
              • The Cosmetic Shop Ltd, OpenCorporates-sm.svg
              • MRG Department Stores (JOP) Ltd, was Joplings Ltd, OpenCorporates-sm.svg
              • Normans Group Ltd, dissolved Feb.2018,
              • Merchant Retail (Jersey) Holdings Ltd, was A de Gruchy Holdings Ltd; Abraham de Gruchy & Company Ltd, OpenCorporates-sm.svg

Hutchison Whampoa

Hutchison Whampoa.arch, Encyclopedia.com, Website.arch, Reports.arch (1996-2003), Origins, p.232, Logo

x

http://www.ckh.com.hk/en/about/milestones.php?year=1993

  • 1991: The Group acquired 75% of the Port of Felixstowe, Britain's premier container port., http://www.hph.com/
  • 1993: The Group reorganised its UK telecommunications businesses. Hutchison Telecom's main focus will be on PCN, paging and cellular re-seller service. The Rabbit Telepoint service ceases to operate on Dec.31.
  • 1994: Hutchison Telecom (UK) launches a digital PCN service branded 'Orange'.. The Group establishes a new company called Hutchison International Port Holdings Limited (HPH) to manage all of HWL's interests in port and port-related businesses in Hong Kong, the Mainland and overseas. The Group increases its ownership of the Port of Felixstowe to 100 per cent by acquiring the 25 per cent stake previously owned by OOIL (Orient Overseas International Ltd).
  • 1996: HWL announces the formation of Orange plc as the holding company of the Hutchison Telecommunicatons (UK) Group and their intention to float at least 25 per cent of Orange plc in London and NASDAQ. The global offering of 30 per cent shares in Orange plc completes. The Group's effective interest in the company is reduced to 48.2 per cent. Shares in Orange plc begins trading in London and NASDAQ. Orange plc joins the FTSE-100 list of companies in the UK.
  • 1997: The Cheung Kong Group http://www.ckh.com.hk/ announces a proposal for a major reorganisation which is completed on 10 March. As a result of the reorganisation :

(1) CKH's interest in HWL increases to 48.95 per cent (2) HWL's interest in CKI increases to 84.58 per cent (3) HWL transfers its interest of 35.01 per cent in HEH to CKI Hutchison Ports (Europe) Limited, a subsidiary of HPH, enters into a conditional agreement to buy Thamesport, the container terminal on the Isle of Grain in Kent, the United Kingdom.

  • 1998: In April, Orange Communications SA, in which Orange plc holds a 35 per cent interest, wins a licence to construct and operate a GSM 1800 network for mobile telephony in Switzerland. In late April, Orange launches new mobile phone services in Northern Ireland, covering 80 per cent of the population there. A.S. Watson http://www.aswatson.com/ expands its water operations overseas. It has started making acquisitions in Europe since October 1998. In late 1998, Hutchison Whampoa Properties Group completed its first overseas project. The Royal Gate Kensington, located in London, occupies a site of approximately 22,000 square feet and comprises of 132 flats.
  • 1999: In February, the Group sells 50 million ordinary shares in Orange plc for HKD5.28 billion. Subsequently in October, the Group strikes the largest deal in the history of the company by agreeing to accept a conditional offer from Mannesmann AG for all of Hutchison's shares in Orange plc (44.81 per cent) for approximately HKD113 billion (USD14.6 billion) in cash, notes and shares of Mannesmann. A consortium, in which Hutchison Ports Netherlands B.V. (subsidiary of Hutchison Port Holdings) has a 35 per cent stake, signs an agreement on 1 November to acquire Europe Combined Terminals B.V. (ECT). ECT engages in the supply of stevedoring services at certain European ports, foremost Rotterdam. On 16 December, Hutchison Whampoa and Cheung Kong (Holdings) together with other investors, establishes TOM.COM LIMITED. HWL and CKH own 40 per cent and 20 per cent of the company respectively. On 18 December, Hutchison Telecommunications International Limited http://www.ckh.com.hk/en/businesses/hat.php acquires 49 per cent of the equity shares in Sterling Cellular limited in India. The remaining 51 per cent in the company is owned by Essar Teleholdings Limited.
  • 2000: In February, the Group accepts a revised offer by Vodafone for all of their Mannesmann shares. The consideration is 3,056,910,365 new Vodafone shares. In March, Hutchison Port Holdings establishes portsnportals.com (later renamed as LINE - Logistics Information Network Enterprise) in March. In April, the Group wins the largest 3G licence 'A' in the United Kingdom for 4,384.7 million sterling pounds. Subsequently in July, NTT DoCoMo and KPN Mobile acquires a 20 per cent and a 15 per cent participation in 3G Holdings respectively.
  • 2001: In November, Hutchison Port Holdings (HPH) announces that the European Commission has granted approval for HPH to increase its stakeholding in Europe's leading container terminal operator Europe Combined Terminals (ECT) to 60 per cent. This follows the Commission's decision to approve HPH's acquisition of a 35 per cent stake in ECT in July 2001. On completion of the transaction, HPH has control over ECT and is entitled to further increase its stake in the future.
  • 2002: In June, Hutchison 3G Ireland Limited http://www.3ireland.ie/ has been awarded the "A" licence (2 x 15 MHz paired and 1 x 5 MHz unpaired spectrum) in the Republic of Ireland 3G licence bid process. The Group expects to derive tremendous synergy with its existing 3G business in the United Kingdom. In August, the Group announces that it has, through its wholly owned subsidiary A.S. Watson (ASW), made an offer to acquire one of Europe's leading Health & Beauty retail businesses, the Kruidvat Group, for approximately EUR1,300 million. The addition of the Kruidvat Group significantly enhances ASW's presence in Europe, its leading market position, its earnings growth, and in addition provides synergies with ASW's existing operations. The Kruidvat outlets, in conjunction with ASW's existing 930 personal care stores, makes ASW one of the world's largest health and beauty chains. The companies acquired include Health and Beauty retail chains Superdrug in the UK, Kruidvat and Trekpleister in the Netherlands, Kruidvat in Belgium and Rossmann (50 per cent interest) in Poland, Hungary and the Czech Republic; and Perfumery retail chain ICI Paris XL in the Netherlands and Belgium.
  • 2003: In February, A.S. Watson signs an agreement with Nestle Waters for the sale of the Powwow company, one of the leading players of the Home & Office Delivery water business in Europe. The purchase price is 560 million euros (enterprise value) and the transaction completes at the end of June 2003. In March, 3 UK http://www.three.co.uk/ announces that it has entered into agreements with its lenders to extend and amend the term of its loan facilities to support the next-stage rollout of the UK's first commercial 3G mobile video, multimedia and communications service. In March, the Group rolls out its 3G mobile video and multimedia services in the UK.
  • 2004: In January, 3 Ireland announces signing off Heads of Terms for a national roaming agreement with Vodafone Ireland on Vodafone Ireland's 2G (GSM) network in the Republic of Ireland. In April, Cheung Kong Infrastructure Holdings Limited announces to make its first foray into water assets in the United Kingdom by acquiring 100 per cent of Cambridge Water in South Cambridgeshire, UK. In June, Hutchison Harbour Ring Ltd http://www.hutchisonharbourring.com/ launched the first virtual keyboard in UK. In August, a consortium led by Cheung Kong Infrastructure Holdings Ltd (CKI) entered into an agreement with National Grid Transco plc to buy the North England Gas Distribution Network. CKI holds 69.8% of the consortium vehicle, while the remaining interests in the consortium are held by United Utilities plc (15%) and the Li Ka Shing (Overseas) Foundation (15.2%). Completion is expected to take place on 1 April 2005. CKI and Hongkong Electric Holdings Ltd. announced on 12 September 2004 that they have entered into an agreement for HEH to acquire from CKI 19.9% interests in NEG.
  • 2005: In June, Hutchison Whampoa Ltd, Cheung Kong Infrastructure Holdings Ltd and Hongkong Electric Holdings Ltd completed acquisition of Blackwater F Ltd that owns the North of England Gas Distribution Network in the UK. A consortium led by CKI first entered into an agreement in Aug.2004 with National Grid Transco plc to buy NEG. CKI and HEH announced in Sept.2004 that they had entered into an agreement for HEH to acquire from CKI a 19.9% interest in NEG. In July, 3 Ireland http://www.3ireland.ie/ launched its service in the country offering an unprecedented level of value and service to Irish consumers, as well as access to the most advanced 3G network in the country. In December, 3 UK and Ericsson entered into an exclusive managed services partnership. Under the agreement, Ericsson will be responsible for the management of the 3 UK network and its IT infrastructure in the UK.
  • 2006: In April, the Group signs a sale and purchase agreement to sell 20 per cent effective equity and loan interest in each of Hutchison Port Holdings Ltd and Hutchison Ports Investments Sàrl respectively to Singapore's PSA International Pte Ltd. In June, 3 Group and Yahoo! announce a global agreement in which Yahoo! will provide its portfolio of rich mobile services to 3 worldwide. Under the terms of the agreement, the two companies will work together to offer key Internet services such as Yahoo! Search, Yahoo! Mobile Web, Yahoo! Messenger, Yahoo! Mail, and Yahoo! Go for Mobile on 3's networks around the world. In November, Hutchison MediPharma Ltd http://www.chi-med.com/eng/global/home.php ("HMPL"), a wholly owned subsidiary of Chi-Med, announces the signing of a collaboration agreement with Merck KGaA on future joint research efforts focusing on discovering novel anti-cancer drugs derived from natural products that modulate oncological pathways.
  • 2007: In August, Hutchison MediPharma Ltd ("HMPL"), a wholly owned subsidiary of Chi-Med, entered into a drug discovery and development agreement with Eli Lilly and Company. Under the agreement, Lilly and Hutchison MediPharma will initially collaborate on the discovery and development of pharmaceutical agents focused on targets in oncology and inflammation.
  • 2008: In May, HWL announces the launch of a new division, Hutchison Water http://www.hutchisonwater.com/ - a provider of comprehensive water production and treatment solutions. Hutchison Water looks to tap into the rising demand for water globally as populations and industries grow by providing efficient and cost effective solutions for each client's water needs.
  • 2010: In November, a consortium led by Cheung Kong Infrastructure Holdings Ltd http://www.cki.com.hk/english/hongKong/home/index.htm and Hongkong Electric Holdings Ltd http://www.heh.com/hehWeb/Index_en have completed the transaction with Electricité de France (EDF) to acquire 100% of EDF Energy plc's ownership of its United Kingdom regulated and non-regulated network activities. The consortium has formed a new company, UK Power Networks Holdings Ltd, to own and manage these new UK electricity network activities. The UK's largest electricity distributor, the newly acquired asset comprises three regional networks with a distribution area that covers London, South East England and the East of England.
  • 2011: In May, 3 Ireland announces a EUR38 million contract with BT. The roll-out of the new fibre network will allow higher broadband speeds enabling 3 to deliver up to 100Mb per second to facilitate the demands of data-savvy Irish consumers. In October, a consortium led by Cheung Kong Infrastructure Holdings Ltd (CKI) has completed the acquisition of Northumbrian Water Group plc (Northumbrian). The consortium's members include CKI, Cheung Kong (Holdings) Ltd and the #Li Ka Shing Foundation. Northumbrian operates a water supply, sewerage and waste water business in the United Kingdom.
  • 2012: In October, a consortium led by Cheung Kong Infrastructure Holdings Ltd (CKI) completed the acquisition of #Wales & West Utilities (WWU) in the United Kingdom. WWU is one of the 8 major gas distribution networks in the United Kingdom. Members of the consortium include CKI, Power Assets Holdings Ltd, and Cheung Kong (Holdings) Ltd and the Li Ka Shing Foundation Ltd.
  • 2014: In July, Three Ireland http://www.three.ie/ completes the acquisition of O2 Ireland.
  • 2015: In January, a joint venture led by Cheung Kong Infrastructure Holdings Ltd (CKI) entered into an agreement to acquire Eversholt Rail Group (Eversholt Rail) in the UK. Eversholt Rail is one of the 3 major rolling stock operating companies in the UK. In April, a joint venture led by Cheung Kong Infrastructure Holdings Ltd completed the acquisition of Eversholt Rail Group. Eversholt Rail’s customers are passenger train operating companies and freight operating companies in the UK. In June, Cheung Kong and Hutchison Whampoa completes the reorganisation and combination of their businesses to create CK Hutchison Holdings Ltd, which will hold the non-property businesses of both groups, and #Cheung Kong Property Holdings Ltd, which will hold the property businesses. The objectives of the reorganisation and spin-off are to create shareholder value as well as increasing transparency and business coherence.
  • 2016: In March, UK Rails Sàrl, the holding company of Eversholt Rail Group, entered into an agreement with Arriva Rail North Ltd to procure and lease out 281 new vehicles worth £490 million.
  • 2017: In June, Cheung Kong Infrastructure Holdings has changed its name to CK Infrastructure Holdings Limited. http://www.cki.com.hk/english/hongKong/home/index.htm

CK Asset Holdings Ltd

CK-Asset-Holdings.svg
CK Asset Holdings, formerly known as Cheung Kong Property Holdings Ltd, is a property developer registered in the Cayman Islands, with its headquarters and principal place of business in Hong Kong.

  • 2019:
    58Deals-Arrow-Left.svg
    Greene King plc, the largest pub owner and operator in the UK, was taken over.ref,ref,ref
  • Aug.2017: CK Asset Holdings Ltd: Cheung Kong Property Holdings Ltd changed its name
  • Jun.2015: Cheung Kong Property Holdings Ltd began trading.ref
  • Jun.2015: Reorganisation: Cheung Kong and Hutchison Whampoa completed the reorganisation and combination of their businesses to create:
    • CK Hutchison Holdings Ltd to hold the non-property businesses of both groups; and
    • Cheung-Kong-Property-Holdings.svg
      Cheung Kong Property Holdings Ltd to hold the property businesses.ref-1 ckph.com.hkArchive-org-sm.svg

CK Infrastructure Holdings Ltd

CK-Infrastructure-Holdings.svg
CK Infrastructure Holdings (CKI), formerly known as Cheung Kong Infrastructure Holdings, is the Infrastructure Division of CK Hutchison Holdings. CKI has diversified holdings in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management, Waste-to-Energy, Household Infrastructure and Infrastructure Related Businesses. Its investments and operations are in the UK, Europe, Australia, New Zealand, North America, Hong Kong and Mainland China. ref, ref

In 2017, the UK's profit contribution was 49%, for the entire company; in 2018, it was 43%.ref

CKI holds a 38.01% interest in Power Assets Holdings Ltd, a global investor in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy; waste-to-energy; energy pipelines and gas distribution.

In the UK, CKI has a comprehensive portfolio of investments in gas and electricity distribution; water and waste water services; electricity generation; and rail transportation infrastructure. They include: ref, ref

  • § UK Power Networks Holdings Ltd (40%)
  • Northern Gas Networks Ltd, a gas distribution business that serves the North of England
  • Wales & West Gas Networks (Holdings) Ltd, a gas distribution business that serves Wales and the South West of England
  • UK Power Networks, one of the largest power distributors supplying electricity to London, South East England and the East of England
  • Seabank Power Ltd, an electricity-generating company located in Bristol
  • Northumbrian Water Group Ltd, a water supply, sewerage and waste water company which serves the North East of England and South East of England
  • UK Rails Group, a rolling stock operating company in the UK
  • Southern Water Services Ltd, which provides water and waste water services to the South East of England.

Structure

CK Hutchison Holdings Ltd

  • Precision Goal Ltd, OC, reg. Hong Kong Flag-Hong-Kong.svg
    • CKI Gas Infrastructure Ltd, CH

Timeline

  • Jun.2017: Name changed from Cheung Kong Infrastructure Holdings Ltd to CK Infrastructure Holdings Ltd.ref
  • Mar.2016: CKI's UK Rails Sàrl (UK Rails Group), the holding company of Eversholt Rail Group, announced recently that the Group has signed a contract with Arriva Rail North Ltd and Construcciones y Auxiliar de Ferrocarriles (“CAF”) of Spain to manufacture, procure and lease 281 new rolling stock vehicles worth £490m. The new 100mph trains will be leased to Arriva (ultimately owned by Deutsche Bahn, the German state-owned rail company), and will run on its Northern Franchise. They will be built by Spain-based CAF, and are scheduled to enter service by Dec.2019. Eversholt Rail is one of the 3 major rolling stock companies in the UK. ref
  • Sept.2015: Merger and de-listing: Name changed from "Cheung Kong Infrastructure Holdings Ltd" to "CK Infrastructure Assets (Holdings) Ltd" (CKI). CKI, Assets Global International Ltd, Power Assets Holdings Ltd (PAH) and CK Hutchison Holdings Ltd (CKH Holdings) jointly announce today a merger between CKI and PAH. Following completion, PAH will become a wholly-owned subsidiary of CKI. CKH Holdings will remain as the controlling shareholder of CKI with approximately 49.19%. PAH will be a de-listed, wholly-owned subsidiary of CKI. CKH Holdings will remain the controlling shareholder of CKI, holding ~49.19% in the merged company. see p.5 re pre- and post- structure. ref
  • Jul.2015: Eversholt Rail agreed with First Great Western to procure and lease 173 new rolling stock vehicles worth over £360m. ref
  • Apr.2015: CKI and CK Hutchison Holdings Ltd formed UK Rails Group to acquire Eversholt Rail.
  • Jan.2015: A joint venture led by Cheung Kong Infrastructure Holdings Ltd (CKI) announced that it has entered into an agreement to acquire Eversholt Rail Group. The joint venture consists of CKI and Cheung Kong (Holdings) Ltd (CKH), each owning a 50% interest. Created in 1994 as part of the privatisation of British Rail, Eversholt Rail is one of the 3 major rolling stock operating companies in the UK. Eversholt Rail’s customers are passenger train operating companies (TOCs) and freight operating companies (FOCs) in the UK. It leases a diverse range of rolling stock, including regional, commuter and high speed passenger trains, as well as freight locomotives and wagons, on long-term contracts. The acquisition was completed in Apr.2015. (See Cheung Kong HoldingsWikipedia-W.svg) ref
  • Oct.2012: Wales & West, CKI (30%), CKH (30%), PAH (30%) and LKS Foundation (10%). CKH + CKI + PAH + LKSF > MGN (UK) Ltd > WWU Holdings Ltd > WWU Ltd > WWU Finance plc. ref ref
  • Aug.2011: Northumbrian Water, together with CKH & LKS Foundation
  • 2010: UK Power Networks, CKI (40%) + PAH (40%) + LKS Foundation (20%)
  • 2010: Seabank Power, CKI (50%) + PAH (50%).
  • 2007: Southern Water: CKI acquired a 4.75% stake in Southern Water, which supplies water and treats sewage in the south of England. ref
  • 2005: 100% of Northern Gas Networks, CKI + PAH + LKS Foundation.
  • Sept.2004: Cheung Kong Infrastructure Holdings Ltd. (CKI) and Hongkong Electric Holdings Ltd. (HEH) announced today that they have entered into an agreement for HEH to acquire from CKI, 19.9% of the North of England Gas Distribution Network (NEG). The transaction is to be effected through the purchase of a CKI subsidiary that owns 19.9% of the issued share capital of the CKI-led consortium in the NEG investment. ref
  • Aug.2004: Consortium: CKI (69.8%) + United Utilities plc (15%) + Li Ka Shing Foundation (15.2%). Entered into an agreement with National Grid Transco plc to buy the North England Gas Distribution Network. Completion is expected on 1 April 2005. NEG is one of the 8 major gas distribution networks in the UK. Its network extends south from the Scottish border to South Yorkshire, containing a mixture of large cities and a significant rural area including North Yorkshire and Cumbria. ref
  • May.2004: Cheung Kong Infrastructure Holdings acquired 100% of Cambridge Water from Madrid-listed Union Fenosa. ref, see also here.
  • 1996: Cheung Kong Infrastructure lists on the Hong Kong stock exchange as a spin-off unit of Cheung Kong (Holdings).

Power Assets Holdings Ltd

CK-Hutchison-Holdings-Power-Assets.svg

Power Assets Holdings is a global investor in energy and utility-related businesses, with investments in electricity generation, transmission and distribution; renewable energy; energy from waste; gas distribution and oil transmission. ref
The Company has established a strong global presence with investments in the UK, the Netherlands, Portugal, Hong Kong, Australia, New Zealand, Mainland China, the USA, Canada and Thailand.ref

Northern Gas Networks Ltd

Northern Gas Networks owns the North of England Gas Distribution Network, one of the 8 gas distribution networks in the UK. The asset comprises principally distribution gas mains and pipelines of 37,000km in length. Its distribution network extends south from the Scottish border to South Yorkshire.ref

In Sept.2004, Hongkong Electric Holdings Ltd (subsequently renamed Power Assets Holdings Ltd, OC) acquired 19.9%. link In Jun.2005, Power Assets Holdings Ltd became a shareholder of Northern Gas Networks Ltd. FixMe: This should be in CK Infrastructure Holdings section, not Power Assets Holdings Ltd.

Ownership

  • 47.1%: Flag-Bermuda.svg CK Infrastructure Holdings Ltd, IC, via PG (April) Ltd, CH, reg. Bermuda CK-Infrastructure-Holdings.svg
  • 41.3%: Flag-Hong-Kong.svg Power Assets Holdings Ltd, OC, via Beta Central Profits Ltd, CH, reg. Hong Kong CK-Hutchison-Holdings-Power-Assets.svg
  • 11.6%: Flag-Australia.svg SAS Trustee Corporation, superannuation schemes, reg. Australia

Structure

  • Northen Gas Networks Holdings Ltd, CH
    • Northern Gas Networks Ltd, CH
      • Northern Gas Networks Finance plc, financing operations, CH
      • Northern Gas Networks Operations Ltd, gas network operations, CH
      • Northern Gas Networks Pensions Trustee Ltd, pension scheme trustee, CH
        • Northern Gas Networks Pension Funding Ltd Partnership, pension partnership, CH
      • Northern Gas Networks General Partner Ltd, pension partnership, CH

  • 10.38%: Xoserve Ltd, provides information, data processing and admin services to the company, CH
  • 1.15%: Smart Energy Code Company Ltd, CH. Established on behalf of parties to the Smart Energy Code to assist the SEC Panel in ensuring the objective of the Smart Energy Code are achieved. The SEC is the legal agreement ... see A/cs Mar.2018 p.6

Seabank Power Station

Seabank-Power.svg
Seabank Power Station, near Bristol, comprises two combined-cycle gas turbine generation units run on natural gas. All electricity generated by Seabank is sold to SSE Energy Supply Ltd under a long-term power purchase agreement.ref Seabank Power StationWikipedia-W.svg, SSE, SSE FAQ

Through Electricity First Ltd, Power Assets Holdings holds 25% of Seabank Power Ltd.


Wales & West Utilities Ltd

Wales-and-West-Utilities.svg
Wales & West Utilities (WWU) is a regulated gas distribution business, covering Wales and the South West of England. Power Assets Holdings acquired a 30% shareholding in Oct.2012. WWU is one of the 8 major gas distribution networks in the UK, supplying ~17% of the area of the UK.
  • Jul.2012: Wales & West Utilities was sold to 4 companies controlled by Li Ka Shing: Cheung Kong Holdings (30%); Cheung Kong Infrastructure (30%); Power Assets Holdings (30%) and Li Ka-shing Foundation (10%).ref
  • Jun.2005: Following National Grid plc's decision in Aug.2004 to sell 4 of its regional gas distribution networks in order to raise funds for expansion, a consortium led by the Macquarie European Infrastructure Fund,ref made a successful bid, and began operations. (MGN Gas Networks (UK) Ltd,OpenCorporates-sm.svg holdco for Wales & West Utilities Ltd.OpenCorporates-sm.svg)

UK Power Networks Holdings Ltd

UK Power Networks is an Electricity Distribution Network operator covering London, South East England and the East of England; it is one of the largest energy companies in the UK. It manages 3 of the 14 electricity distribution networks: Eastern Power Networks plc, South Eastern Power Networks plc and London Power Networks plc, providing nearly 25% of the electrical power in the UK.

UK Power Networks also operates UK Power Networks Services (Holdings) Ltd, which develops and maintains electrical networks for clients including London Underground, Heathrow Airport Ltd, Gatwick Airport Ltd, Stansted Airport Ltd, High Speed 1, Network Rail, Ministry of Defence, Docklands Light Railway and Canary Wharf.
The company was established to hold the above regulated and non-regulated assets when they were acquired in Oct.2010 from EDF Energy.ref

Ownership

Corporate Grouping

  • 40%: CK Infrastructure Holdings Ltd, IC, reg. Bermuda, Flag-Bermuda.svg, via CKI Number 1 Ltd, CH
  • 40%: Power Assets Holdings Ltd, OC, reg. Hong Kong, Flag-Hong-Kong.svg, via Devin International Ltd, IC, reg. British Virgin Islands, Flag-British-Virgin-Islands.svg
  • 20%: Li Ka-Shing Foundation Ltd, OC, reg. Hong Kong, Flag-Hong-Kong.svg, via Eagle Insight International Ltd, IC, British Virgin Islands, Flag-British-Virgin-Islands.svg

CKI Number 1 Ltd + CKI Number 2 Ltd + CKI Number 3 Ltd

  • UK Power Networks Holdings Ltd, CH, pp.53,78
    • UK Power Networks (Operations) Ltd, maintenance of distribution networks, CH
    • London Power Networks plc, management of Lea Valley distribution network, [CH]
    • Eastern Power Networks plc, management of distribution network, [CH]
    • South Eastern Power Networks plc, management of distribution network, [CH]
    • Lea Valley Utilities Ltd, non-trading, [CH]
    • UK Power Networks (IDNO Finance) Ltd, holdco, [CH]
      • UK Power Networks (IDNO) Ltd, electricity construction and distribution project, CH
    • UK Power Networks Insurance Ltd, insurance, [CH]
    • UK Power Networks Group (Trustee) Ltd, non-trading, pension trustee for the UK Power Networks Group Electricity Supply Pension Scheme, CH
    • UK Power Networks (Trustee) Ltd, non-trading, pension trustee for the UK Power Networks Pension Scheme, CH
    • UK Power Networks Services (Contracting) Ltd, management of electricity distribution projects, CH
    • UK Power Networks (South East Services) Ltd, groundworks contracting to the group, CH
    • UK Power Networks Services (Holdings) Ltd, holdco, [CH]
      • UK Power Networks (Transport) Ltd, transport services to the group, CH
      • UK Power Networks Services (Enterprises) Ltd, commercial project investments, investment holdco, CH
        • 8%, City Greenwich Lewisham Rail Link plc, construction and engineering company, [CH]
      • UK Power Networks Services (South East) Ltd, holdco, CH
        • UK Power Networks Services (Development) Ltd, investment holdco, [CH]
          • UK Power Networks Services (Asset Management) Ltd, holdco for JV MUJV Ltd, CH
            • 49.999%, MUJV Ltd, utility infrastructure management, CH.
            • UK Power Networks Services (Commercial) Ltd, electrical contracting services, CH
            • UK Power Networks Services (Powerlink Holdings) Ltd, holdco for JVs Power Asset Development Company Ltd + UK Power Networks Services Powerlink Ltd, CH
              • 50%, Power Asset Development Company Ltd, JV holdco, CH
              • 80%, UK Power Networks Services Powerlink Ltd, CH

Joint Ventures

Consortium: UK Power Networks Services (Asset Management) Ltd (49.999%), + Veolia Water Outsourcing Ltd (49.999%), + Stephen Harwood Escrow Agents Ltd (??) 0.002%

Consortium: UK Power Networks Services (Powerlink Holdings) Ltd (50%) + ABB Investments Ltd (25%) + Balfour Beatty Infrastructure Investments Ltd (25%)

  • Power Asset Development Company Ltd, asset management, CH. Formed to execute a contract with London Underground Ltd; contract was terminated in Aug.2013; there are ongoing contractual obligations.

Consortium: UK Power Network Services (Powerlink Holdings) Ltd (80%) + ABB Investments Ltd (10% + Balfour Beatty Infrastructure Investments Ltd (10%)

  • UK Power Networks Services Powerlink Ltd, asset management, CH. Formed to execute a Power Service contract with London Underground Ltd; contract was terminated in Aug.2012; there are ongoing contractual obligations.

Eastern Electricity plc

  • 2010: EDF Energy Networks was acquired by the CK Group and renamed UK Power Networks.
  • 2003: 24seven Utility Services rebranded to become EDF Energy Networks. EDF Energy Networks then managed the electricity distribution network across London, the South East and East of England for the next seven years.
  • 2002: SEEBOARD joined the gang under the ownership of the LE Group
  • 1999: 24seven Utility Services was formed by the merger of Eastern Electricity with London Electricity. 24seven Utility Services handled electricity distribution for the next three years.
  • 1998: Eastern Electricity became TXU Energy.
  • Historically, Eastern Electricity (previously the Eastern Electricity Board, EEB) managed the electricity cables and lines in Norfolk, Suffolk, Essex, Hertfordshire, Cambridgeshire, parts of Buckinghamshire and most of Bedfordshire.
Sources: link

Ex Staff Web Site, About TXU, Powergen/TXU, eastern.co.ukArchive-org-sm.svg, link, link, NorthMet Power Company, NorthMet logo, The Energy Group plc / Eastern Group plc (formed by the demerger of Hanson plc in Feb.1997, Eastern Generation Ltd, link Eastern Electricity, Eastern Natural Gas, link

ToDo: see also Électricité de France SA#London Electricity plc

Telecommunications

Three

Three (or 3) is a global brand name under which several mobile phone networks and Broadband Internet Providers operate in Hong Kong, Macau, Austria, Denmark, Indonesia, Ireland, Italy, Sweden and the UK. The brand was founded in 2002 in Hong Kong. As of 2018, registered Three customers worldwide numbered over 130m.

All 3-branded network companies are wholly owned subsidiaries of CK Hutchison, but the ownership structure varies. CK Hutchison Holdings owns direct majority interests of 6 networks through 3 Group Europe, including Austria, Denmark, Italy, Ireland, Sweden and the UK. Hutchison Telecommunications Hong Kong Holdings operates the networks in Hong Kong and Macau, while Hutchison Asia Telecom Group operates the network in Indonesia.

  • Three.co.uk: Hutchison 3G UK Ltd 100% ownership, CH.
  • See also Wallenberg Companies, Three Scandinavia
  • Dec.2007: Mobile Broadband Network Ltd: T-Mobile (UK) Ltd and Hutchison 3G UK Ltd agreed to co-operate in sharing elements of their separate mobile networks in order to establish a Shared Network, and established a JV company.
  • Mar.2003: Three UK (formally Hutchison 3G UK Ltd), launched in the UK.

Articles

  • Jul.12.2017: Consortium relief and closure notices. The First tier Tribunal directed that HMRC give closure notices in respect of enquiries into the corporation tax returns of 4 subsidiaries of UK Power Network Holdings Ltd, which had claimed consortium relief amounting to £939m in total from Hutchison 3G Ltd. Chris Lallemand, Let's Talk Tax.
  • Beyond Power Beyond Hong Kong. In Oct.2010, Power Assets Holdings acquired EDF Energy plc's ownership in its UK regulated and non-regulated network assets. UK Power Networks Holdings Ltd was established to hold these assets, which comprise 3 regional electricity networks, providing nearly 25% of the electrical power in the UK. The assets also include a non-regulated business providing network-related infrastructure services to a number of privately-owned sites, such as London Underground, Heathrow and Gatwick Airports, and Channel Tunnel Rail Link. (page) Corporate Brochure, Power Assets Holdings Ltd. Accessed Nov.2018.

The Hongkong Electric Company Ltd (“HK Electric”) was founded in 1889 and is one of the longest established power companies in the world. HK Electric is responsible for the generation, transmission, distribution and supply of electricity to Hong Kong and Lamma Islands. Following a spin-off and separate listing of its Hong Kong electricity business in 2014, Power Assets now holds 33.37% of HK Electric, through HK Electric Investments and HK Electric Investments Ltd. ref

Power Assets became a shareholder of Northern Gas Networks Ltd in June 2005. Currently, it holds 41.29% of the shareholding. ref

Power Assets acquired 30% shareholding of Wales & West Utilities Ltd (“WWU”) in October 2012. It is one of the 8 major gas distribution networks in the UK.ref

In June 2010, Power Assets successfully acquired a 50% stake of Electricity First Ltd (“EFL”). Power Assets through EFL holds 25% of Seabank Power Ltd (“Seabank”), an electricity-generating company located near Bristol. Seabank comprises two combined-cycle gas turbine generation units running on natural gas. All electricity generated by Seabank is sold to SSE Energy Supply Ltd under a long-term power purchase agreement.ref

Hutchison Whampoa Ltd was a Hong Kong investment holdco, with a diverse array of international holdings which included the world's biggest port, and telecommunication operations in 14 countries that were run under the 3 brand. Its businesses also included retail, property development and infrastructure. It was 49.97% owned by the Cheung Kong Group until Jun.2015, when the company merged with the Cheung Kong Group as part of a major reorganisation of the group's businesses. The combined business was renamed CK Hutchison Holdings Ltd.(WP)

Timelines

ToDo: Cheung Kong HoldingsWikipedia-W.svg, CK Infrastructure HoldingsWikipedia-W.svg, Cheung Kong Property HoldingsWikipedia-W.svg, Hutchison WhampoaWikipedia-W.svg, Power Assets HoldingsWikipedia-W.svg, CK Life SciencesWikipedia-W.svg, Hutchison Asia Telecom GroupWikipedia-W.svg, TOM GroupWikipedia-W.svg, more..., UK Power NetworksWikipedia-W.svg, In the middle of going through this lot, got to 2004
  • Mar.2015:
    CK-Hutchison-Holdings.svgFlag-Tax-Haven-v2.svg
    CK Hutchison Holdings Ltd: Cheung Kong Holdings Ltd was merged with Hutchison Whampoa Ltd, its main associate company, and renamed.ref CK-Hutchison-Holdings was registered in the Cayman Islands.

The reshuffle put the property assets into the new company Cheung Kong Property Holdings, with CK Hutchison Holdings Ltd, managing ports, telecoms, retail, energy, aircraft leasing and other businesses.


Hutchison Whampoa Ltd 49.97% owned by the Cheung Kong Group until 3 June 2015, when the company merged with the Cheung Kong Group as part of a major reorganisation of the group's businesses.

  • In January 2015, Li Ka Shing confirmed plans for Cheung Kong Holdings Ltd to purchase the remaining shares in Hutchison Whampoa that it did not already own, and merge the two companies as CK Hutchison Holdings. The merger is part of a larger reorganisation of Li's businesses, which will involve the spin-off of property assets into Cheung Kong Property.[8] The new holding company has been incorporated in the Cayman Islands, rather than Hong Kong.[9]
  • Jan.2015: Li Ka-Shing confirmed plans for Cheung Kong (Holdings) to buy the remaining shares in Hutchison Whampoa Ltd that it did not already own.
  • Mar.2011: Hutchison Port Holdings Trust announced its IPO through the Singapore Exchange.ref

  • Cheung Kong Group, 2003:
  • Cheung Kong (Holdings) Ltd, the flagship of the Group, which consists of:ref,ref
    • Cheung Kong (Holdings) Ltd
    • Hutchison Whampoa Ltd
    • Cheung Kong Infrastructure Holdings Ltd
    • Hongkong Electric Holdings Ltd
    • CK Life Sciences International (Holdings) Inc
    • Tom.com Ltd

  • Feb.1998: Hutchison acquired Harwich International Port.
  • Feb.1998: Thamesport, a container terminal on the Isle of Grain in Kent, was acquired by Hutchison Ports (Europe) Ltd, a subsidiary of HPH.
  • 1997: Procter & Gamble-Hutchison Ltd: Procter & Gamble and Hutchison Whampoa Ltd re-structured the terms of their JV holdco. The agreement allowed P&G to increase its ownership from 69% to 80% by early 1998, and to 100% by 2017. Hutchison Whampoa exited the JV in 2004.ref
  • 1996: Orange plc: HWL announced the formation of Orange plc as the holding company of the Hutchison Telecommunicatons (UK) Group, and their intention to float ~25% of Orange plc in London and NASDAQ. The offering of 30% shares in Orange plc was completed, with the group's interest reduced to 48.2%. Shares in Orange plc began trading in London and NASDAQ.
  • 1994: Hutchison International Port Holdings Ltd (HPH) was formed to hold and the port and related interests of Hutchison Whampoa Ltd's interests in port and port-related businesses in Hong Kong, the Mainland and overseas. Hutchison International Port Holdings Website
  • 1994: Orange, a digital PCN service, was launched by Hutchison Telecom (UK).
  •  ??.1993: Hutchison Communications was formed.
  • Jul.1993: Li Ka-shing and Hutchison Whampoa Ltd announced the sale of their 63.6% interest in HutchVision Ltd (BVI) to News Corporation.
  • 1992: Through an 80% owned subsidiary company, HWL takes a 50% stake in Shanghai's container port.
  • 1991: Port of Felixstowe: The Group acquired 75% of the UK's premier container port. In 1994, the group increased its ownership to 100% by acquiring the 25% stake owned by Orient Overseas International LtdWikipedia-W.svg. ref
  • 1989: Mobile Telecommunications: Hutchison Telecom entered the UK and Australian mobile telecommunications markets.
  • 1988: Procter & Gamble-Hutchison Ltd: Hutchison Whampoa Ltd formed a joint venture with Procter & Gamble and two Chinese partners to manufacture and sell a range of skin and haircare products in China.
  • 1987: Husky Oil: Hutchison Whampoa Ltd expanded overseas with the acquisition of a 43% interest in Canada's Husky Oil.
  • 1985: Hutchison Whampoa Ltd acquired a substantial interest in Hongkong Electric Holdings.
  • Sept.1979: Cheung Kong (Holdings) Ltd bought HSBC's 22% stake in Hutchison Whampoa Ltd; Hutchison Whampoa Ltd brought with it a slew of valuable real estate interests. Cheung Kong (Holdings) Ltd was a mass-market property developer owned by Li Ka-shing, a once-penniless Chiu Chow immigrant.ref Cheung Kong (Holdings) Website
  • ?date? The Hongkong and Shanghai Banking Corporation (HSBC) bailed Hutchison Whampoa Ltd out after it got into debt, taking a 22% interest in return.ref
  • Jan.1978: Hutchison Whampoa Ltd was listed in Hong Kong.
  • 1977: Hutchison Whampoa Ltd: (HWL) Hutchison International Ltd acquired 100% of Hong Kong and Whampoa Dock Company, merging with it to create a new company.
  • 1960s: Hutchison International Ltd gained a controlling interest in Hong Kong & Whampoa Dock Company, and A S Watson Company, amongst others.
  • 1888: The Hong Kong & Whampoa Dock Company owned and operated, Admiralty Dock, the largest dock in the East.
  • 1877: John D Hutchison & Company Ltd was formed by a young Briton, John Duflon Hutchison.
  • 1866: Hong Kong & Whampoa Dock Company was established to acquire docks and repair yards.
Additional Sources: History of HPH: 1866-2006. Hutchison Port Holdings.. Original archived on May.28.2007.

Port of Felixstowe

The Port of Felixstowe is Britain’s biggest and busiest container port, and one of the largest in Europe. With its rail and road links connecting the port to distribution hubs in the Midlands and elsewhere in the UK, Felixstowe plays a pivotal role in keeping the UK’s trade moving. 60% of Asia/UK traffic passes through Felixstowe; 42% of all containers coming in and out of Britain; and 70% of UK Mega Vessel calls.ref Port of FelixstoweWikipedia-W.svg, link, Website.arch, Website, Port of Felixstowe Ltd is a member of the Hutchison Port Holdings (HPH) Group, a wholly-owned subsidiary of the multinational conglomerate Hutchison Whampoa Ltd (2002.arch).

  • 1994: Hutchison Whampoa purchased the remaining 25% of the Port from OOHL, acquiring 100% ownership of the Port.
  • Aug.1991: 75% of the Port was acquired by the Hutchison Whampoa Group, Hong Kong. The separately-operated container-handling facility, Walton Container Terminal (owned by Orient Overseas International LtdWikipedia-W.svg), amalgamated with Trinity Terminal (75% of Port of Felixstowe owned by Hutchison Whampoa Ltd, 25% by Orient Overseas Holdings Ltd).
  • 1966: work began on the New South Quay, the UK's first purpose-built container terminal, opening in Jul.1967. Felixstowe was chosen because of its proximity to the main shipping lanes and the major ports of Northern Europe.
  • 1987: the Port was acquired by the P&0 Group.
  • 1889-1986: Various owners: 1889: Colonel Tomline died; the Dock was left to Captain Ernest Pretyman. 1951: the port was acquired by Gordon Parker, an agricultural merchant. 1976: the company was taken over by European Ferries Ltd.
  • 1875: The Felixstowe Railway and Pier Company was founded by Colonel George Tomline, a prominent local landowner.
Additional Sources: History of the Port: 1875-2007. Port of Felixstowe. Original archived on Sep.05.2008.[1] Port of Felixstowe. Original archived on Dec.09.2016.

Harwich International Port

Website.arch, Website

  • Feb.1998: Hutchison Ports (Europe) Ltd, a subsidiary of HPH, acquired Harwich International Port.
  • 1984: The Port was privatised.
  • 1883: Parkeston Quay was opened and quickly became Britain’s most important passenger port, linking England with Belgium and the Netherlands. The Port was named after Great Eastern’s chairman Charles Parks.
  • ?date?: Great Eastern Railway Company, anxious to expand its operations, decided to create an entirely new port based on the reclaimed marshland of Ray Island.
Additional Sources: History. Harwich International Port. Original archived on Feb.11.2017.History. Harwich International Port. Original archived on Mar.22.2019.

London Thamesport

London Thamesport is a small container seaport in the Port of London on the River Medway, serving the North Sea. Now that the much bigger London GatewayWikipedia-W.svg port on the north bank of the Thames is operational, Thamesport's days as London's container port may be numbered. London ThamesportWikipedia-W.svg, Website.arch, Website, Thamesport (London) Ltd trading as London Thamesport (regno. 2191687), Maritime Transport Services Ltd (regno. 2398922).

  • Feb.1998: Hutchison Ports (Europe) Ltd, a subsidiary of HPH, acquired Thamesport.
  • Feb.1998: Rutland Partners LLP sold their interests in MTS holdings Ltd and small navigation company "Maritime Haulage" to the Hutchison Whampoa Group.
  • Dec.1995: Rutland Partners LLP, an investment group, acquired 95% of MTS holdings Ltd (parent company of Thamesport Ltd) and took over debts of £27m. The port was further developed.
  • 1990: the repayment of ~£100m risk capital put Thamesport Ltd into administration.
  • 1987: British Gas submitted plans to use part of the disused refinery site as a Container port. Building began in 1989. The risk capital financing of the project took place through the operating company "Thames Estuary Terminals Ltd", later Thamesport Ltd.
  • Aug.1982: The refinery was closed,ref and work was transferred to other BP locations. The plant was taken over by state-owned British Gas plc, which used a small part of the site for the storage of liquefied natural gas.ref Three-quarters of the site remained unused.
  • 1953: Anglo-Persian Oil Company (later British Petroleum) developed Kent Oil Refinery in the south of the Isle of Grain. Over 10m tons of crude oil were processed annually on the site,ref leading to the establishment of oil-fired Grain Power StationWikipedia-W.svg and dual-fuel capable Kingsnorth power stationWikipedia-W.svg.
  • 1928: A fuel depot with an attached port was created by ??.

Orange

  • Oct.1999: Vodafone plc#Mannesmann AG made a conditional offer for all of Hutchison's 44.81% shares in Orange plc, which was accepted.
  • Feb.1999: the Group sold 50m ordinary shares in Orange plc.
  • Oct.1998: Partner Communications Ltd launched its GSM services in Israel under the Orange brand. link, Partner Communications CompanyWikipedia-W.svg
  • Jun.1998: KPN Orange, a JV between Orange plc and Dutch telecom operator KPN, is awarded a licence to build and operate a GSM 1800 mobile network in Belgium.
  • Apr.1998: Orange Communications SA, in which Orange plc held a 35% interest, won a licence to construct and operate a GSM 1800 network for mobile telephony in Switzerland. In late April, Orange launched a new mobile phone service in Northern Ireland, covering 80% of the population.
  • 1996: Orange plc: HWL announced the formation of Orange plc as the holding company of the Hutchison Telecommunicatons (UK) Group, and their intention to float at least 25% of Orange plc in London and NASDAQ. The global offering of 30% shares in Orange plc completed. The group's interest in the company is reduced to 48.2%. Shares in Orange plc begans trading in London and NASDAQ.
  • 1994: Orange, a digital PCN service, was launched by Hutchison Telecom (UK).

Husky Energy Inc

Husky EnergyWikipedia-W.svg, MarketScreener-sm.svg, Website.arch, Website, Logos Husky Energy is controlled by Hong Kong billionaire Li Ka-Shing, who owns a majority share of ~70% according to Bloombergref and Financial Postref data.

  • Aug.2019: Husky Energy Inc's shares have plummeted ~80% since its 2008 peak for a myriad of reasons: a slump in oil prices, a dividend suspension, a production cut due to a close call with an iceberg, and a failed hostile takeover bid for MEG Energy Corporation.ref
  • 2017: Superior Refinery, located in Superior, Wisconsin, was acquired.
  • Apr.2016: Li Ka-Shing arranged for Power Assets Holdings Ltd and Cheung Kong Infrastructure Holdings Ltd to buy 65% of Husky's midstream operations, which included pipelines and tanks.ref
  • 2009: Govt of Newfoundland and Labrador became an official partner in the White Rose oil fieldWikipedia-W.svg expansion project through Crown corporation Nalcor EnergyWikipedia-W.svg.
  • 2009: Purchased Penn West Petroleum Ltd: purchased several heavy oil properties from Penn.
  • 2009: Suncor Energy Inc: purchased 98 retail outlets from Suncor in the Ontario market.
  • 2008: BP and Husky agreed to create an integrated refining and oil sands business.
  • 2008: acquired exploration lands in the Columbia River Basin, in Washington and Oregon, USA.
  • 2008: China National Offshore Oil Corporation: JV with CNOOC to develop the Madura BD gas field offshore Indonesia.
  • Jul.2006: Expansion: 14,560 acres of oil sands leases adjacent to Husky's Saleski property were acquired.
  • Apr.2006: Expansion: 23,680 acres of oil sands leases adjacent to Husky's Saleski property were acquired.
  • Jan.2006: Expansion: exploration rights for two parcels of 15,615 hectares were acquired from the Canada-Newfoundland Labrador Offshore Petroleum Board.
  • Oct.2004: Expansion: Husky Energy agreed to purchase a 68.7% interest in a production sharing contract from its partner in the Madura Strait, offshore Indonesia. The transaction gave Husky a 100% interest in an exploration block where two natural gas fields had been discovered.
  • Aug.2004: China National Offshore Oil Corporation: a petroleum contract was signed with CNOOC for the 29/26 exploration block in the South China Sea. It was the 7th petroleum contract signed between Husky and CNOOC.
  • Jul.2004: Trident Exploration Corporation: a farm-out and JV agreement was signed to develop natural gas from coal or coal bed methane in central Alberta. The agreement extended the original 2002 joint venture between Husky and Trident for the exploration and development of NGC in the Fenn Rumsey area, and called for an additional 120 wells to be drilled over the next two years.
  • Jul.2004: Temple Exploration Inc, a private Calgary oil and gas company, was acquired.
  • Nov.2003: China National Offshore Oil Corporation: a contract was signed with CNOOC for the 04/35 exploration block in the East China Sea. This was the 1st exploration contract with CNOOC.
  • Oct.2003: Marathon Canada Ltd: Husky Energy acquired all issued and outstanding shares of Marathon Canada Ltd, and the Western Canadian assets of Marathon International Petroleum Canada Ltd. Separately, Husky agreed to sell certain of the Marathon Canada oil and gas properties to a 3rd party.
  • May.2001: Avid Oil & Gas Ltd: Husky Oil Operations Ltd acquired all of the remaining shares of Avid not currently held.
  • Jun.2000: Husky Energy Inc: Husky Oil merged with Renaissance Energy, another a Canadian company. The new company was listed on the Toronto Stock Exchange, becoming one of Canada's largest integrated oil and gas companies.ref
  • Jul.1998: Mohawk Canada Ltd, with a chain of ~300 service stations, was acquired, doubling the scope of Husky's retail operations.
  • Jun.1998: Expansion: a number of properties off the East Coast of Canada were purchased from Talisman Energy Inc and Gulf Canada Resources Ltd.
  • Feb.1998: Lloydminster Upgrader: Husky Oil acquired the other 50% interest from the Saskachewen Govt.
  • 1998: Mohawk Oil, the largest independent chain of consumer filling stations in Western Canada, was acquired, together with its ethanol plant at Minnedosa, Manitoba.ref
  • 1997: China National Petroleum Corporation and Husky Announced a JV oil exploration agreement offshore China.
  • 1996: China National Petroleum Corporation and Husky signed aN MOU, and entered into a JV incremental production project in China.
  • 1991: Li Ka-shing, Hogshead Spouter and Hutchison Whampoa acquired controlling ownership of Husky.ref
  • 1989: Canterra Energy, (formerly known as Aquitaine), was acquired.
  • 1987: Hutchison Whampoa Ltd acquired a 43% interest in Husky Oil, expanding overseas.
  • 1978: Alberta Gas Trunk Lines, established in 1954 by the Alberta govt, gained control of Husky. Nova ChemicalsWikipedia-W.svg (formerly known as Alberta Gas Trunk Line) Nova Corporation
  • 1976: Union Oil Company's marketing and refining assets were acquired, including the Prince George refinery and 110 service stations.
  • 1953: Husky Oil Ltd: Husky‘s Canadian operations were incorporated, with shares issued in both Canada and the USA.
  • 1946: Canada: the Company relocated to Canada, with the Riverton refinery moving to Lloydminster, Alberta to take advantage of the expanding asphalt and heavy oil opportunities in the area. Husky Oil and Refining Ltd, a wholly-owned subsidiary, was created and headquartered in Calgary, Alberta, Canada.
  • 1938: Husky Refining Company was established in the USA when Glenn Nielsen purchased the assets of the 4-year-old Park Refining Company from its founder Valentine Monroe Kirk. The 1st refinery was in Cody, Wyoming, with a 2nd constructed later in Riverton, Wyoming.
Additional Sources: History. Husky Energy. Original archived on Jul.14.2019.

AS Watson Group

See main article: AS Watson Holdings Ltd

References

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