CKI and CK Hutchison Move to Monetise UK Power Networks Stake in Major Disposal
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CK Infrastructure Holdings and CK Hutchison Holdings plan to sell their 100% stake in UK Power Networks through a share purchase agreement. This transaction, which involves CKI Sub, PAH Sub, CKA Sub, and a third-party buyer, aims to monetize a long-held asset that has provided steady growth since 2010. The deal is classified as a major transaction under Hong Kong Listing Rules, requiring independent shareholder approval. Analysts currently rate CK Infrastructure Holdings stock as a Hold with a price target of HK$70.00.
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