Engie (ENGI FP) to buy UK Power Networks for £10.5bln, Bloomberg reports

Engie (ENGI FP) to buy UK Power Networks for £10.5bln, Bloomberg reports.

Engie's acquisition of UK Power Networks for £10.5 billion represents a significant move in the multi-utilities sector, enhancing their presence in the UK market. This deal may be seen as a strategic shift towards bolstering their regulatory pillar and could lead to increased investor interest in both Engie and the broader utilities space, particularly if it aligns with ongoing market consolidation trends.