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Hong Kong’s 2nd Richest Man Li Ka-Shing to Sell UK Electricity Operator for $14B

Hong Kong billionaire Li Ka‑shing's CK Infrastructure Group agreed to sell UK Power Networks to French utility Engie for £10.5 billion (about $14.2 billion). The deal, slated for mid‑2026, is part of a sweeping portfolio overhaul that includes potential divestments of ports and a possible listing of health‑and‑beauty retailer AS Watson. Bloomberg Intelligence notes the transaction could improve CK Hutchison's leverage by up to 0.5×, giving it room for further acquisitions. Engie gains control of a regulated grid serving 8.5 million customers amid the UK’s push for renewable‑energy capacity.