CKI and CK Hutchison Move to Monetise UK Power Networks Stake in Major Disposal

CK Infrastructure Holdings ( (HK:1038) ) has issued an update.

CK Infrastructure Holdings and CK Hutchison Holdings have agreed to sell their combined 100% stake in UK Power Networks via a share purchase agreement involving CKI Sub, PAH Sub, CKA Sub and a third-party purchaser. The transaction will dispose of all shares and related shareholder debt instruments in the UK electricity distribution operator, monetising a long-held asset that has delivered steady growth and financial contributions since CKI’s initial investment in 2010.

CKI’s portion of the disposal qualifies as a major and connected transaction under Hong Kong Listing Rules, triggering requirements for announcements, circulars and independent shareholders’ approval. For CK Hutchison, the deal is treated as a discloseable and connected transaction, requiring disclosure and independent approval, while completion remains conditional on agreed terms, meaning the sale may not ultimately proceed and investors are urged to exercise caution.

The most recent analyst rating on (HK:1038) stock is a Hold with a HK$70.00 price target. To see the full list of analyst forecasts on CK Infrastructure Holdings stock, see the HK:1038 Stock Forecast page.

More about CK Infrastructure Holdings

CK Infrastructure Holdings is a Hong Kong-listed infrastructure investment company focused on energy, transportation and utility assets worldwide. Through subsidiaries and affiliates, it invests in and operates regulated infrastructure businesses, including electricity distribution networks such as UK Power Networks, providing stable cash flows and long-term returns for shareholders.

Average Trading Volume: 3,134,381

Technical Sentiment Signal: Buy

Current Market Cap: HK$157.3B

For a thorough assessment of 1038 stock, go to TipRanks’ Stock Analysis page.