UK Power Networks Deal Falls Through After Owner Raises Asking Price, FT Reports
04 Juillet 2022 - 9:00AM
Dow Jones News
--A GBP15 billion ($18.1 billion) deal for UK Power Networks by
a consortium including KKR & Co. and Macquarie Group Ltd. has
fallen through after owner CK Infrastructure Holdings Ltd. tried to
increase the sale price before an agreement was due to be struck
last month, the Financial Times reports, citing two unnamed
sources.
--CK Infrastructure's move to raise the asking price for UK
Power Networks, Britain's largest electricity distributor, was
because of a sharp rise in U.K. inflation, the sources said.
Full story: https://on.ft.com/3Ra4Aua
Write to Singapore Editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
July 04, 2022 02:45 ET (06:45 GMT)
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