Core Viewpoint - Li Ka-shing's Cheung Kong Group has agreed to sell its 100% stake in UK Power Networks Holdings Limited to Engie UK 2026 Limited for over HKD 110 billion, marking a significant cash inflow for future investments and acquisitions [1][6]. Group 1: Transaction Details - The three companies involved in the sale are Cheung Kong Infrastructure Group, Power Assets Holdings, and Cheung Kong Holdings, holding 40%, 40%, and 20% stakes in UK Power Networks, respectively [1]. - The sale prices for their stakes are HKD 44.3 billion, HKD 44.3 billion, and HKD 22.15 billion [1]. - The transaction is expected to generate substantial accounting gains and provide cash for future investments [1]. Group 2: Historical Context and Market Position - The UK Power Networks has been a stable contributor to Cheung Kong Infrastructure since its acquisition in 2010, evolving into a leading distribution network operator in the UK [1]. - Li Ka-shing's family has been a major investor in the UK, with total investments exceeding RMB 255.5 billion across various sectors, including utilities, telecommunications, and real estate [7]. - The family controls approximately 25% of the UK's electricity distribution market and nearly 30% of the natural gas supply market [14]. Group 3: Financial Performance and Market Reaction - Following the announcement of the sale, shares of Cheung Kong Infrastructure, Power Assets, and Cheung Kong Holdings rose by 1.95%, 2.12%, and 2.87%, respectively [14][15]. - Li Ka-shing's net worth has increased to USD 45.1 billion, reflecting a growth of USD 7.8 billion from the previous year [14].

2月26日，李嘉诚旗下长和系三家公司长江基建集团、电能实业及长实集团在港交所发布公告，已与法 国公用事业企业Engie旗下子公司Engie UK 2026 Limited订立协议，出售三方合共持有的英国电网公司 UK Power Networks Holdings Limited 100%股权，套现逾1100亿港元。 三家公司指出，出售UK Power Networks股权，可以获得庞大会计收益及取得的现金款项作日后投资及 收购用途。长建、电能及长实分别持有UK Power Networks的40%、40%及20%权益，三家公司以443亿 港元、443亿港元及221.5亿港元的作价，出售手上持有的UK Power Networks权益。 据长江基建集团公告，自2010年收购其于目标集团之权益以来，目标集团一直稳健转型，现已成为英国 领先的配电网络营运商，并持续为长江基建及长和提供稳定财务贡献。于长江基建集团投资期间内，目 标集团增长显著。 Power Assels Holdings Ltd. 量能冒業有限公司 關連交易及主要交易 出售 UK POWER NETWORKS 品售事項 董事局公佈,於 2026年 ...