智通财经网·2026-02-25 22:39Core Viewpoint - Cheung Kong Infrastructure and Cheung Kong Group announced a share purchase agreement for the sale of UK Power Networks Holdings Limited, with total cash consideration amounting to £105.48 million, which will be adjusted according to the purchase agreement [1][2][3] Group 1: Transaction Details - The share purchase agreement involves the sale of 100% of the issued share capital of UK Power Networks Holdings Limited by its subsidiaries [2] - The cash consideration for Cheung Kong Infrastructure's shares is £42.192 billion, while for Power Assets Holdings it is also £42.192 billion, and for Cheung Kong's shares, it is £21.096 billion [1][2] - The transaction is set to occur after trading hours on February 25, 2026, in Hong Kong, London, and Paris [1] Group 2: Business Overview - UK Power Networks Holdings Limited operates electricity distribution networks in London, the southeast, and eastern England, covering approximately 192,000 kilometers and serving 8.5 million households and businesses [2] - The company also operates non-regulated businesses through UK Power Networks Services, which includes the design, construction, ownership, and operation of private networks [2] Group 3: Historical Context and Future Implications - Since acquiring its stake in the target group in 2010, Cheung Kong Infrastructure has seen significant growth in the company, which has become a leading electricity distribution operator in the UK [3] - The board of Cheung Kong Infrastructure believes that this sale will allow the group to realize its investment at an attractive valuation, generating substantial accounting gains and cash proceeds for future investments or acquisitions [3]