HKG:1038

UK Power Networks Sale Receives Approval from Shareholders

Independent shareholders of CK Infrastructure (HKG:1038), CK Hutchison (HKG:0001), CK Asset (HKG:1113) and Power Assets (HKG:0006) have approved the proposed sale of UK Power Networks to a unit of French electric utility company Engie, according to separate filings with the Hong Kong bourse on Monday.The deal will generate 4.22 billion sterling pounds, or about HK$44.3 billion, in cash for CK Infrastructure.CK Infra currently owns 40% of UK Power Networks, with Power Assets holding 40% and CK Asset owning the remaining 20%.