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France's Engie to buy UK Power Networks for £10.5bn

By Michele Maatouk

Date: Thursday 26 Feb 2026

(Sharecast News) - Shares in Engie surged on Thursday after the French utility said it has agreed to buy UK Power Networks (UKPN) for £10.5bn.
Announcing the deal on Wednesday, Engie said it marked "a major milestone" in its ambition to become the best energy transition utility, by strengthening its position...

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