Overview
- CK Infrastructure, Power Assets and CK Asset signed the agreement on Wednesday and disclosed it in a Hong Kong stock exchange filing on Thursday.
- Engie said completion is expected by mid-2026 subject to regulatory approval.
- UK Power Networks serves about 8.3 million customers across London, southeastern and eastern England, with roughly 190,000km of lines.
- Ownership being sold comprises 40% held by CK Infrastructure, 40% by Power Assets and 20% by CK Asset.
- Engie’s CEO Catherine MacGregor called the acquisition a key step in advancing the company’s strategy to grow in regulated electricity networks.