Engie buys UK Power Networks and raises profit targets
French utility Engie agreed to acquire UK Power Networks for 10.5 billion pounds on Wednesday. The company also increased its net income targets for 2026 to 2028.
Xurve View
Xurve View
Engie, a prominent utility group based in France[Country:{"assets":{"country":"FR"}}], has announced a significant expansion of its international operations through the acquisition of the electricity distributor UK Power Networks. The deal, valued at 10.5 billion pounds ($14.23 billion), is intended to bolster the company's power network infrastructure and its renewable energy footprint within the United Kingdom[Country:{"assets":{"country":"GB"}}].
