---
title: "《大行》瑞银：出售 UK Power Networks 对长和轻微正面  评级「买入」"
description: "瑞银发布报告称，长江和记实业旗下的长江基建和电能实业将各自持有的 UK Power Networks 40% 股份出售给 Engie，交易总额为 105 亿英镑。预计长和将确认 145 亿港元的有效收益，净负债率将降至 11.7%。该行维持长和「买入」评级，目标价 67 港元。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/277163618.md"
published_at: "2026-02-27T07:12:23.000Z"
---

# 《大行》瑞银：出售 UK Power Networks 对长和轻微正面  评级「买入」

> 瑞银发布报告称，长江和记实业旗下的长江基建和电能实业将各自持有的 UK Power Networks 40% 股份出售给 Engie，交易总额为 105 亿英镑。预计长和将确认 145 亿港元的有效收益，净负债率将降至 11.7%。该行维持长和「买入」评级，目标价 67 港元。

瑞银发表研究报告指，长江和记实业 (00001.HK) 旗下长江基建 (01038.HK) 和电能实业 (00006.HK)，将各自持有的 UK Power Networks 40% 和 40% 的股份出售给法国公用事业企业 Engie，总股权对价为 105 亿英镑。

该行预计，长和将确认 145 亿港元的归属有效收益，同时预计长和净负债率将由 2025 年 6 月 18.5%，降至 11.7%。该行认为，出售 UK Power Networks 对长江基建有利，令长江基建的每股估值上涨 3.7 港元，对长和股价转化影响 1.4%。

该行指，集团近期未有考虑派发特别股息，相反更倾向於透过具有潜力的新收购来重新配置资金。该行维持长和「买入」评级，目标价 67 港元。

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