<div id="readability-page-1">CK Infrastructure Group said it expects to sell U.K. Power Networks to French utility Engie for GBP10.5 billion (US$14.2 billion), according to a stock exchange filing on Thursday, as reported by South China Morning Post.<table><tbody><tr><td><img src="https://imageproxy.pbkrs.com/https://vcdn1-english.vnecdn.net/2026/02/27/AFP-20180316-12M77P-v1-HighRes-3413-2031-1772163151.jpg/query-ZHByPTEmZml0PWNyb3AmaD0wJnE9MTAwJnM9SUR2YVhubGU4S2tnaDZFNGMxUld0ZyZ3PTY4MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://vcdn1-english.vnecdn.net/2026/02/27/AFP-20180316-12M77P-v1-HighRes-3413-2031-1772163151.jpg/query-ZHByPTEmZml0PWNyb3AmaD0wJnE9MTAwJnM9SUR2YVhubGU4S2tnaDZFNGMxUld0ZyZ3PTY4MA"/></td> </tr><tr><td> Hong Kong's richest man Li Ka-shing (R), listens to his son Victor during a press conference in Hong Kong on March 16, 2018. Photo by AFP </td> </tr></tbody></table>The transaction, which is expected to be completed in mid-2026, forms part of a broader overhaul of the conglomerate’s portfolio, including asset disposals, in moves that could ultimately recast the empire established by Li Ka-shing, according to Bloomberg.The tycoon built his fortune by targeting regulated infrastructure and telecommunications assets in developed Western markets, favoring stable and predictable returns.Since taking the helm in 2018, his elder son Victor has faced the challenge of guiding the group through a more volatile environment shaped by heightened trade tensions and the disruptive rise of artificial intelligence.&#34;From a credit perspective, the deal is positive as it could improve CK Hutchison’s leverage by as much as 0.5x and gives the company firepower to pursue acquisitions,&#34; said Bloomberg Intelligence credit analyst Sharon Chen.CK Hutchison is also weighing a listing of its health and beauty retailer AS Watson Group.The U.K. power sale comes as the company’s proposed divestment of 43 global ports has become more complicated.Panama this week moved to occupy two of CK Hutchison’s facilities near the Panama Canal, assets that have emerged as a flashpoint in U.S.-China tensions.Negotiations with a buyer consortium that includes U.S. investment firm BlackRock and China Cosco Shipping have stretched on for months, highlighting the political sensitivities surrounding the deal.For Engie, the acquisition strengthens its presence in the U.K. as the country accelerates efforts to expand its grid to accommodate rising demand from renewable energy, electric vehicles and data centers.The company will take control of a regulated asset serving about 8.5 million customers in London and southeast England.Li Ka-shing, 97, is now the second richest man in Hong Kong with a net worth of $46.6 billion, behind battery tycoon Robin Zeng with wealth of $53.6 billion.</div>

ENGIY

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560190

CKHUY

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CK Group, led by Victor Li, is selling U.K. Power Networks to French utility Engie for GBP10.5 billion (US$14.2 billion) as part of a business restructure. The deal, expected to close by mid-2026, aims to enhance CK Hutchison's financial leverage and support future acquisitions. This sale is part of a broader strategy to divest assets amid changing market conditions. Engie's acquisition will bolster its U.K. presence, serving 8.5 million customers. Li Ka-shing, now Hong Kong's second richest man, has a net worth of $46.6 billion.

vnexpress

ADOMANI

ChinaAMC Green Electricity ETF

CKH HOLDINGS

Penghua CSI All Share Utilities ETF

CK Hutchison Holdings

Select Sect Spdr Util

VG Utilities

Bosera CSI All Share Electric Utilities ETF

ISHRS S&P Glb Utilities

GF CSI All Share Power Public Service ETF

Hong Kong’s 2nd richest man Li Ka-shing to sell UK electricity operator for $14B