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Engie-UK Power Networks deal will need security clearance

By Jon Menon ( March 18, 2026, 11:22 GMT | Insight) -- French utility Engie’s £10.5 billion acquisition of UK Power Networks, Britain’s biggest electricity distribution operator, will need national security clearance and is expected to complete by the middle of the year. In February, a group led by Hong Kong-based CK Infrastructure agreed to sell the company, which serves 8.5 million customers covering London, the South East and East of England.French utility Engie’s £10.5 billion ($14 billion) acquisition of UK Power Networks, Britain’s biggest electricity distribution operator, will need national security clearance but is expected to complete by the middle of the year....

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