HONG KONG: CK Infrastructure Holdings Limited (CKI), Power Assets Holdings Limited (PAH) and CK Asset Holdings Limited (CKA) said on Wednesday they have agreed to sell their entire stake in UK Power Networks Holdings Limited (UKPN) to a subsidiary of French energy group Engie S.A.
The three Hong Kong-listed companies announced that on Feb. 25, CKI Number 1 Limited, Eagle Insight International Limited and Devin International Limited – indirect wholly owned subsidiaries of CKI, CKA and PAH respectively – entered into a share purchase agreement with Engie UK 2026 Limited, an indirect wholly owned subsidiary of Engie.
Under the agreement, Engie will acquire 100% of the issued share capital of UKPN, which owns and operates electricity distribution businesses across London, the South East and East of England. UKPN’s subsidiaries include Eastern Power Networks plc, London Power Networks plc and South Eastern Power Networks plc.
The companies said completion of the sale is subject to customary regulatory approvals and other conditions. The transaction is expected to close in mid-2026.