CK Hutchison Group to Exit UK Power Networks in Major Disposal
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CK Hutchison Holdings and CK Infrastructure Holdings are selling their combined 100% stake in UK Power Networks, a major electricity distribution operator in the UK. The deal involves divesting 40%, 40%, and 20% interests from CKI, PAH, and CKA, respectively. This disposal aims to monetize a long-held investment at an attractive valuation, generating significant accounting gains and freeing cash for future investments. The transaction is subject to conditions and requires shareholder approvals under Hong Kong listing rules. The current analyst rating for CK Hutchison stock is a Hold with a price target of HK$67.00.
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