Sir Li Ka-shing, with a £43bn fortune, has hired Goldman Sachs and UBS for the IPO of Superdrug’s owner, AS Watson. The plan includes listing shares in London and Hong Kong, with Superdrug boasting sales of £1.6bn. AS Watson operates 17,000 stores worldwide, including The Perfume Shop. CK Hutchison could raise $2bn through the float this year. Sir Ka-shing’s conglomerate also owns key UK infrastructure, power companies, Eversholt Rail, and has been linked to a Thames Water takeover. The float would be a boost for the London Stock Exchange after a dearth of deals last year.

Read more at Yahoo Finance: Hong Kong billionaire plots London listing for Superdrug