UK Power Networks Deal Falls Through After Owner Raises Asking Price, FT Reports

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UK Power Networks Deal Falls Through After Owner Raises Asking Price, FT Reports

--A GBP15 billion ($18.1 billion) deal for UK Power Networks by a consortium including KKR & Co. and Macquarie Group Ltd. has fallen through after owner CK Infrastructure Holdings Ltd. tried to increase the sale price before an agreement was due to be struck last month, the Financial Times reports, citing two unnamed sources.

--CK Infrastructure's move to raise the asking price for UK Power Networks, Britain's largest electricity distributor, was because of a sharp rise in U.K. inflation, the sources said.

Full story: https://on.ft.com/3Ra4Aua

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(END) Dow Jones Newswires

July 04, 2022 02:45 ET (06:45 GMT)

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