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Engie Acquires UK Power Networks for £10.5 Billion
February 25, 2026
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French utility Engie strikes a major deal to purchase the owner of electricity cables and power lines across London, southeast, and east England.
Engie, a French utility company, has agreed to acquire UK Power Networks (UKPN) in a £10.5 billion deal. UKPN is the owner of the electricity cables and power lines spanning across London, the south-east, and the east of England.
The acquisition marks a significant milestone for Engie's ambition to become the
Source: The Guardian
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