Engie to Buy UK Power Networks for $14.2 Billion From Hong Kong's CK Group

Core Viewpoint - Engie, a French multinational utility company, is set to acquire UK Power Networks for an equity value of £10.5 billion, which is approximately $14.2 billion, from Li Ka-shing's CK Group [1] Company Summary - The acquisition marks a significant investment by Engie in the UK energy sector, enhancing its presence in the market [1] - UK Power Networks is a key player in the UK electricity distribution sector, managing the distribution of electricity to millions of customers [1] Financial Summary - The equity value of the acquisition is £10.5 billion, translating to about $14.2 billion, indicating a substantial financial commitment by Engie [1]