US-based KKR and Australia’s Macquarie Group have held talks to buy Britain’s largest electricity distributor, UK Power Networks, from companies controlled by Hong Kong’s billionaire Li family, the Financial Times reported.
A proposed joint deal, backed by other investors including Canada’s Ontario Teachers’ Pension Plan, could value the business at about 15 billion pounds ($20 billion) and provide a fresh sign of private equity’s appetite to buy into UK infrastructure.
Read the full report: Financial Times
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