France’s Engie strikes deal to buy UK Power Networks for £10.5bn
by Jillian Ambrose Energy correspondent from World news | The Guardian on (#73V5F)
French utility to acquire owner of electricity cables and power lines across London, south-east and east of England
A French utility has agreed to buy the owner of the electricity cables and power lines across London, the south-east and the east of England in a deal worth 10.5bn.
Paris-headquartered Engie said on Wednesday that it had struck a deal to buy UK Power Networks (UKPN) in a major milestone" for the company's ambition to become the best energy transition utility".
Continue reading...