---
title: "CK Hutchison Subsidiaries, CK Asset to Sell U.K. Electricity Distributor to France's Engie"
description: "CK Hutchison subsidiaries Power Assets, CK Infrastructure, and CK Asset plan to sell UK Power Networks to France's Engie for £10.5 billion (US$14.24 billion). Power Assets expects a gain of HK$10.7 bi"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276985525.md"
published_at: "2026-02-26T05:11:25.000Z"
---

# CK Hutchison Subsidiaries, CK Asset to Sell U.K. Electricity Distributor to France's Engie

> CK Hutchison subsidiaries Power Assets, CK Infrastructure, and CK Asset plan to sell UK Power Networks to France's Engie for £10.5 billion (US$14.24 billion). Power Assets expects a gain of HK$10.7 billion (US$1.37 billion) from its 40% stake, while CK Asset anticipates HK$8.4 billion from its 20% stake. CK Infrastructure estimates a gain of HK$14.5 billion from its 40% stake. The sale is pending shareholder and regulatory approvals, with an enterprise value of approximately £15.8 billion.

By Megan Cheah

Hong Kong-listed companies Power Assets, CK Infrastructure and CK Asset are planning to sell UK Power Networks to France's Engie.

The three companies jointly own UK Power Networks and fall under Hong Kong business magnate Li Ka-shing. They disclosed the proposed sale on Thursday, after Engie said that it aims to acquire the U.K.-based electricity distributor at an equity value of 10.5 billion pounds, equivalent to US$14.24 billion.

Energy and utility businesses investor Power Assets, which has a 40% stake in UK Power Networks, expects to net a gain of 10.7 billion Hong Kong dollars, equivalent to US$1.37 billion, from the sale. Property conglomerate CK Asset, which is disposing its 20% stake, is likely to gain HK$8.4 billion, it said.

CK Infrastructure estimates it will gain HK$14.5 billion from the sale of its 40% stake and taking into account its 36% interest in Power Assets.

The sales are subject to shareholder approval from all three companies and CK Infrastructure's parent company CK Hutchison, as well as regulatory approval.

The deal has an enterprise value of about 15.8 billion pounds, representing about 10 times UK Power Networks' estimated 2027 adjusted earnings before interest, taxes, depreciation, and amortization, Engie said in a separate statement.

Write to Megan Cheah at megan.cheah@wsj.com

(END) Dow Jones Newswires

02-25-26 2037ET

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Engie CEO: Engie's acquisition of UK Power Networks will not affect our dividend policy nor our strong investment rating | Engie CEO: Engie's acquisition of UK Power Networks will not affect our dividend policy nor our strong investment rating | [Link](https://longbridge.com/en/news/276929587.md) |
| French Utility Engie Posts Lower FY25 Net Income, Revenue | French Utility Engie Posts Lower FY25 Net Income, Revenue | [Link](https://longbridge.com/en/news/276997211.md) |
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| Engie SA To Acquire UK Power Networks | Engie SA has signed an agreement to acquire UK Power Networks for an equity value of £10.5 billion, enhancing its positi | [Link](https://longbridge.com/en/news/276990558.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.