ENGIE announces the acquisition of UK Power Networks, UK’s best-in-class electricity distribution network
ENGIE announces the signing of an agreement to acquire 100% of UK Power Networks (UKPN), the best-in-class electricity distributor in the UK, for an equity value1 of £10.5 billion. This acquisition marks a major milestone in ENGIE’s ambition to become the best energy transition utility, by strengthening its position in regulated electricity networks.