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    Home»Deals & Transactions»£15bn KKR-led Power Networks takeover ‘collapses over price increase’
    Deals & Transactions

    £15bn KKR-led Power Networks takeover ‘collapses over price increase’

    July 6, 2022Updated:July 6, 20221 Min Read
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    017Thursday, December 7th, 2017Fortune Global Forum 2017Guangzhou, China10:10AM - 10:30AM WINNING IN CHINAFor companies that are focused on success in China, innovation and differentiation are key—along with making operations more efficient and tapping the right talent and strategies to win. How can global companies navigate this playing field and what is the right formula for success?Carlos Brito, Chief Executive Officer, Anheuser-Busch InBevHenry Kravis, Co-founder, Co-chairman, and Co-CEO, Kohlberg Kravis RobertsModerator: Alan Murray, Fortune and Time Inc.Photograph by Stefen Chow/Fortune
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    The £15bn takeover of the UK’s biggest electricity distributor has collapsed, according to reports.

    A consortium led by private equity giant KKR and Australia Macquarie had struck a deal to buy UK Power Networks from Hong Kong’s CK Infrastructure Holdings (CKI).

    CKI originally purchasing the electricity network business in 2010 for around £5.5 billion.

    It is the largest electricity distribution operator in UK, covering around 8.3 million homes and businesses, primarily in the south east and East Anglia.

    Read more: Express and Star

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