France’s Engie strikes deal to buy UK Power Networks for £10.5bn

26 February 2026 Vanshika

N Shorts

French utility to acquire owner of electricity cables and power lines across London, south-east and east of EnglandA 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…

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