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KKR-Led £15 Billion Bid for UK Power Networks Fails, FT Says

  • Bidder group also includes Macquarie, China Investment Corp.
  • Li-family controlled power firm has cables across London
Updated on

A £15 billion ($18 billion) takeover approach led by KKR & Co. for the UK’s largest electricity distribution business collapsed, the Financial Times reported.

CK Infrastructure Holdings, which jointly owns UK Power Networks Holdings Ltd., tried to increase the sale price before an agreement was due to be signed last month, the newspaper said, citing two people close to the deal who it did not identify.