Published by Global Banking & Finance Review®
Posted on February 25, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleEngie will acquire UK Power Networks for £10.5bn ($14.23bn), Reuters reports on Feb 25. The move adds a major UK electricity distributor to Engie’s portfolio.
Feb 25 (Reuters) - French utility Engie on Wednesday struck an agreement to acquire UK Power Networks, an electricity distribution network operator, for an equity value of 10.5 billion pounds ($14.23 billion).
($1 = 0.7381 pounds)
(Reporting by Mrinmay Dey in Mexico City; Editing by Maju Samuel)
French utility Engie agreed to acquire UK Power Networks, valuing the UK electricity distributor at £10.5 billion (about $14.23 billion).
The equity value is £10.5 billion, which Reuters equates to roughly $14.23 billion using an exchange rate of $1 = £0.7381.
UK Power Networks is an electricity distribution network operator serving London, the South East, and East of England.
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