---
title: "\"Big Banks\" UBS: Selling UK Power Networks is slightly positive for CKH HOLDINGS, rating \"Buy\""
description: "UBS released a report stating that CKI Holdings and Power Assets Holdings, both under CK Hutchison Holdings, will sell their respective 40% stake in UK Power Networks to Engie, with a total transactio"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277163618.md"
published_at: "2026-02-27T07:12:23.000Z"
---

# "Big Banks" UBS: Selling UK Power Networks is slightly positive for CKH HOLDINGS, rating "Buy"

> UBS released a report stating that CKI Holdings and Power Assets Holdings, both under CK Hutchison Holdings, will sell their respective 40% stake in UK Power Networks to Engie, with a total transaction amount of £10.5 billion. It is expected that CK Hutchison will confirm an effective gain of HKD 14.5 billion, and the net debt ratio will decrease to 11.7%. The bank maintains a "Buy" rating on CK Hutchison, with a target price of HKD 67

UBS published a research report stating that CK Hutchison Holdings (00001.HK) subsidiary CK Infrastructure (01038.HK) and Power Assets Holdings (00006.HK) will sell their respective 40% stakes in UK Power Networks to French utility company Engie, with a total equity consideration of £10.5 billion.

The bank expects CK Hutchison to recognize HKD 14.5 billion in attributable effective earnings, while also forecasting that CK Hutchison's net debt ratio will decrease from 18.5% on June 2025 to 11.7%. The bank believes that the sale of UK Power Networks is beneficial for CK Infrastructure, increasing its per-share valuation by HKD 3.7, with a 1.4% impact on CK Hutchison's stock price conversion.

The bank indicated that the group has not recently considered distributing a special dividend; instead, it prefers to reallocate funds through potential new acquisitions. The bank maintains a "Buy" rating on CK Hutchison, with a target price of HKD 67

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Engie (ENXTPA:ENGI) Net Income Jump Tests Confidence In Tight Margin Narrative | Engie (ENXTPA:ENGI) reported mixed results for FY 2025, with H1 revenue at €38.1b and basic EPS of €1.16. Net income ros | [Link](https://longbridge.com/en/news/277142355.md) |
| Engie Fully Commissions Brazilian Photovoltaic Complex | Engie Fully Commissions Brazilian Photovoltaic Complex | [Link](https://longbridge.com/en/news/276684370.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) |
| 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) |
| Nebras Energy announces acquisition of Engie's entire stake in Qatar Power and Ras Girtas Power | Nebras Energy announces acquisition of Engie's entire stake in Qatar Power and Ras Girtas Power | [Link](https://longbridge.com/en/news/277089196.md) |

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