Engie shares jump on $14 billion UK power grid deal
Published by Global Banking & Finance Review®
Posted on February 26, 2026
1 min readLast updated: February 26, 2026
Published by Global Banking & Finance Review®
Posted on February 26, 2026
1 min readLast updated: February 26, 2026
Engie shares jumped after it agreed to buy UK Power Networks from CK Infrastructure for £10.5bn ($14.21bn). The stock rose about 7% to a multi‑year high, heading for its biggest one‑day gain since March 2022.
By America Hernandez
PARIS, Feb 26 - Shares in French utility Engie hit their highest since September 2009 on Thursday, after the company announced it would buy UK Power Networks from Hong Kong-listed CK Infrastructure Holdings for 10.5 billion pounds ($14.21 billion).
Shares were up 7% at 29.49 euros at 0838GMT, and heading for their biggest single-day rise since March 2022.
($1 = 0.7391 pounds)
(Reporting by America Hernandez in Paris)
Engie’s agreement to buy UK Power Networks for £10.5 billion from CK Infrastructure, and the immediate surge in Engie’s share price following the announcement.
UK Power Networks is being sold by Hong Kong–listed CK Infrastructure Holdings for £10.5 billion, equivalent to about $14.21 billion based on the stated exchange rate.
Engie shares climbed roughly 7% in early trading, reaching a multi‑year high and setting up the biggest single‑day rise since March 2022.
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