CK Hutchison group to Sell UK Power Networks to Engie for £10.5bn

According to Nikkei Asia, Li Ka-shing’s family-controlled companies—CK Infrastructure, Power Assets and CK Asset—said they will sell their entire stake in UK Power Networks to France’s Engie for £10.5bn (about $14.3bn), pending regulatory approvals and expected to close by mid-year. The group said the sale “monetizes” a long-held investment acquired in 2010, generating significant accounting gains and cash for future investments or acquisitions. Shares across the CK group rose around 2%–3% in Hong Kong trading. The deal comes as CK Hutchison faces heightened uncertainty after losing its Panama Canal port concessions and pursuing international arbitration. Engie said the acquisition strengthens its position in the U.K.’s regulated electricity networks and supports the energy transition.