<div id="readability-page-1"><div>By Megan Cheah Hong Kong-listed companies Power Assets, CK Infrastructure and CK Asset are planning to sell UK Power Networks to France's Engie. The three companies jointly own UK Power Networks and fall under Hong Kong business magnate Li Ka-shing. They disclosed the proposed sale on Thursday, after Engie said that it aims to acquire the U.K.-based electricity distributor at an equity value of 10.5 billion pounds, equivalent to US$14.24 billion. Energy and utility businesses investor Power Assets, which has a 40% stake in UK Power Networks, expects to net a gain of 10.7 billion Hong Kong dollars, equivalent to US$1.37 billion, from the sale. Property conglomerate CK Asset, which is disposing its 20% stake, is likely to gain HK$8.4 billion, it said. CK Infrastructure estimates it will gain HK$14.5 billion from the sale of its 40% stake and taking into account its 36% interest in Power Assets. The sales are subject to shareholder approval from all three companies and CK Infrastructure's parent company CK Hutchison, as well as regulatory approval. The deal has an enterprise value of about 15.8 billion pounds, representing about 10 times UK Power Networks' estimated 2027 adjusted earnings before interest, taxes, depreciation, and amortization, Engie said in a separate statement. Write to Megan Cheah at megan.cheah@wsj.com (END) Dow Jones Newswires02-25-26 2037ET</div></div>

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CK Hutchison subsidiaries Power Assets, CK Infrastructure, and CK Asset plan to sell UK Power Networks to France's Engie for £10.5 billion (US$14.24 billion). Power Assets expects a gain of HK$10.7 billion (US$1.37 billion) from its 40% stake, while CK Asset anticipates HK$8.4 billion from its 20% stake. CK Infrastructure estimates a gain of HK$14.5 billion from its 40% stake. The sale is pending shareholder and regulatory approvals, with an enterprise value of approximately £15.8 billion.

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CKH HOLDINGS

ISHRS S&P Glb Utilities

ADOMANI

POWER ASSETS

VG Utilities

Penghua CSI All Share Utilities ETF

Bosera CSI All Share Electric Utilities ETF

CK Hutchison Holdings

ChinaAMC Green Electricity ETF

CK ASSET

Power Assets Holdings

GF CSI All Share Power Public Service ETF

CKI HOLDINGS

CK Hutchison Subsidiaries, CK Asset to Sell U.K. Electricity Distributor to France's Engie