CKI Said to Seek Bridge Loan for Macquarie UK Smart Meters Bid

Hong Kong’s CK Infrastructure Holdings Ltd. is seeking a £1 billion ($1.4 billion) bridge loan for its pursuit of UK smart-meter assets owned by Macquarie Group Ltd., according to people with knowledge of the matter.

CKI, founded by Li Ka-shing, has sounded out banks for potential financing, said the people, who asked not to be identified because the information is private. The loan package might be larger as CKI may seek more for other corporate purposes, the people said.