Finance
French utility Engie to acquire UK Power Networks for over $14 billion
Published by Global Banking & Finance Review®
Posted on February 25, 2026
1 min readLast updated: February 25, 2026
Tags:infrastructure
Quick Summary
Engie 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.
Engie Strikes Deal to Buy UK Power Networks in $14.2B Acquisition
Deal Value and Terms
Engie–UKPN Acquisition Overview
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).
Exchange Rate Reference
($1 = 0.7381 pounds)
Reporting and Editing Credits
(Reporting by Mrinmay Dey in Mexico City; Editing by Maju Samuel)
Key Takeaways
- •Engie agreed to acquire UK Power Networks for an equity value of £10.5 billion.
- •The deal equates to about $14.23 billion using the stated $1 = £0.7381 rate.
- •UK Power Networks is an electricity distribution network operator in the UK.
- •The agreement was reported by Reuters on Feb 25.
- •Transaction expands Engie’s presence in regulated energy networks.
Frequently Asked Questions about French utility Engie to acquire UK Power Networks for over $14 billion
1What is the main topic?
French utility Engie agreed to acquire UK Power Networks, valuing the UK electricity distributor at £10.5 billion (about $14.23 billion).
2How much is the deal worth?
The equity value is £10.5 billion, which Reuters equates to roughly $14.23 billion using an exchange rate of $1 = £0.7381.
3Who is UK Power Networks?
UK Power Networks is an electricity distribution network operator serving London, the South East, and East of England.
