Hong Kong's CK Infrastructure weighs overseas secondary listing

(Reuters) -- Hong Kong's CK Infrastructure, part of conglomerate CK Hutchison, said on Thursday it is exploring a secondary listing on an overseas stock exchange such as London.

This overseas listing is being considered without the prospect of raising any funds, CK Infrastructure said in a statement.

The announcement comes as the company, owned by billionaire Li Ka-shing, looks to expand and boost its presence in Western markets.

On Wednesday, sources told Reuters that CK Hutchison is reviewing options for its European telecom unit, intending to reduce its holding in the overall business.

Previously, a consortium, including the company along with CK Asset and Power Assets, said it would acquire Phoenix Energy, a Northern Ireland gas distribution network operator, for an enterprise value of about HK$7.4 billion ($947.6 million).