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Engie to acquire UK Power Networks for £10.5 billion

Feb 26, 2026

Acquiring Company

ENGIE S.A

Acquired Company

UK Power Networks

ParisGreater LondonEnergyOil And GasRenewable EnergyBiomass EnergyEnergyRenewable Energy

Description

Engie has agreed to acquire UK Power Networks from CK Infrastructure for £10.5 billion. This acquisition positions Engie as a major player in the UK market and is expected to enhance its earnings significantly. The deal allows Engie to reinforce its commitment to sustainable energy solutions in the UK. An upgrade to Engie's financial guidance for 2026–2028 has also been prompted by this acquisition.

Quick answer

ENGIE S.A is acquiring UK Power Networks for $13.7 billion, announced February 26, 2026. ENGIE S.A is based in Paris, Ile-de-France, France.

How much did ENGIE S.A pay for UK Power Networks?
The reported deal value is $13.7 billion.
What does ENGIE S.A do?
ENGIE S.A. is a global leader in multi-energy solutions, focusing on the generation of renewable energy, gas infrastructure, and energy services.
Where are ENGIE S.A and UK Power Networks based?
ENGIE S.A is based in Paris, Ile-de-France, France. UK Power Networks is based in Greater London, England, United Kingdom.
Who are the decision-makers at ENGIE S.A?
Fundz holds 2 contacts at ENGIE S.A. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

ENGIE S.A

Location

Paris, Ile-de-France, France

About

ENGIE S.A. is a global leader in multi-energy solutions, focusing on the generation of renewable energy, gas infrastructure, and energy services. The company operates across Europe, Latin America, and beyond, providing integrated energy solutions. ENGIE is committed to achieving net-zero emissions by 2045, emphasizing sustainability and innovation in its operations.

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Frequently asked

Who acquired UK Power Networks?

UK Power Networks was acquired by ENGIE S.A, based in Paris. The deal was reported on February 26, 2026. ENGIE S.A. is a global leader in multi-energy solutions, focusing on the generation of renewable energy, gas infrastructure, and energy services. ENGIE S.A is privately held and operates in Energy.

When did ENGIE S.A acquire UK Power Networks?

ENGIE S.A's acquisition of UK Power Networks was reported on February 26, 2026. Engie has agreed to acquire UK Power Networks from CK Infrastructure for £10.5 billion. This acquisition positions Engie as a major player in the UK market and is expected to enhance its earnings significantly. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does UK Power Networks do?

UK Power Networks is a leading electricity distribution network operator in the UK. It is responsible for the delivery of electricity to over 8 million customers across London, the South East, and East of England. It is privately held, operating in Energy, and is based in Greater London.

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