Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

French utility Engie to acquire UK Power Networks for over $14 billion

Published by Global Banking & Finance Review

Posted on February 25, 2026

1 min read

· Last updated: April 2, 2026

Add as preferred source on Google

French utility Engie to acquire UK Power Networks for over $14 billion

infrastructure

Global Banking & Finance Awards 2026 — Call for Entries

Feb 25 (Reuters) - French utility Engie on Wednesday struck an agreement to acquire UK Power Networks, an electricity distribution network operator, for an equity value of 10.5 billion pounds ($14.23

Engie Strikes Deal to Buy UK Power Networks in $14.2B Acquisition

Deal Value and Terms

Engie–UKPN Acquisition Overview

Feb 25 (Reuters) - French utility Engie on Wednesday struck an agreement to acquire UK Power Networks, an electricity distribution network operator, for an equity value of 10.5 billion pounds ($14.23 billion).

Exchange Rate Reference

($1 = 0.7381 pounds)

Reporting and Editing Credits

(Reporting by Mrinmay Dey in Mexico City; Editing by Maju Samuel)

Key Takeaways

Engie agreed to acquire UK Power Networks for an equity value of £10.5 billion.
The deal equates to about $14.23 billion using the stated $1 = £0.7381 rate.
UK Power Networks is an electricity distribution network operator in the UK.
The agreement was reported by Reuters on Feb 25.
Transaction expands Engie’s presence in regulated energy networks.

References

Frequently Asked Questions

What is the main topic?

French utility Engie agreed to acquire UK Power Networks, valuing the UK electricity distributor at £10.5 billion (about $14.23 billion).

How much is the deal worth?

The equity value is £10.5 billion, which Reuters equates to roughly $14.23 billion using an exchange rate of $1 = £0.7381.

Who is UK Power Networks?

UK Power Networks is an electricity distribution network operator serving London, the South East, and East of England.

More from Finance

Explore more articles in the Finance category

Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports

Germany's far-right AfD rises to record 28%, INSA poll shows

German government suspects Russia of Signal attack targeting politicians, sources say

Romania finds parts of second drone after overnight Russian attack on Ukraine

China condemns EU's inclusion of Chinese entities in sanctions package against Russia

Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war

Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages

France's Macron says EU mutual assistance clause is unambiguous

US to let Venezuela pay Maduro's lawyer in drug trafficking case

Italy votes down equal parental leave while fathers redefine their role online

German auto industry faces even tougher competition as China economy slows

Romania says drone fragments damage property during overnight Russian attack on Ukraine

View All Finance Posts

French utility Engie to acquire UK Power Networks for over $14 billion