Source: Reuters
“French utility Engie will buy electricity distributor UK Power Networks for 10.5 billion pounds ($14.2 billion) in a bid to expand its power business, the company said on Wednesday as it reported flat full-year earnings and revised upward its outlook for the coming years. The deal, due to close in mid-2026, is expected to boost per-share earnings from the first year, the company said. UK Power Networks is owned by Hong Kong-listed CK Infrastructure Holdings (1038.HK), opens new tab (CKI). … UK Power Networks operates 192,000 km (119, 300 miles) of power lines serving 8.5 million customers across London and the southeast and eastern parts of England.” (02/26/26)
https://www.reuters.com/business/energy/engie-raises-its-financial-targets-2026-2028-2026-02-25/