Zhi Tong Cai Jing·2026-02-25 23:05Core Viewpoint - Cheung Kong Infrastructure and Cheung Kong Holdings announced a share purchase agreement for the sale of UK Power Networks Holdings Limited, with total cash consideration amounting to £105.48 million, subject to customary adjustments [1][2][3] Group 1: Transaction Details - The cash amount for Cheung Kong Infrastructure's share sale will be £42.192 billion, while for Power Assets Holdings, it will also be £42.192 billion, and for Cheung Kong Holdings, it will be £21.096 billion [1][2] - The total shares being sold represent 100% of the issued share capital of the target company [2] Group 2: Target Company Overview - UK Power Networks Holdings Limited operates electricity distribution networks in London, the South East, and East of England, covering approximately 192,000 kilometers and serving 8.5 million homes and businesses [2] - The company also operates non-regulated businesses through UK Power Networks Services, which includes designing, building, owning, and operating private networks for public and private sector clients [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 target group, which has become a leading electricity distribution operator in the UK [3] - The board believes that this sale will allow Cheung Kong Infrastructure to realize its investment at an attractive valuation, generating substantial accounting gains and cash proceeds for future investments or acquisitions [3]