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Share Name Share Symbol Market Type
Macquarie Group Limited ASX:MQG Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.92 -4.95% 152.20 152.70 153.29 157.91 152.10 157.57 1,925,648 09:50:01

UK Power Networks Deal Falls Through After Owner Raises Asking Price, FT Reports

04/07/2022 8:00am

Dow Jones News

Macquarie (ASX:MQG)
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--A GBP15 billion ($18.1 billion) deal for UK Power Networks by a consortium including KKR & Co. and Macquarie Group Ltd. has fallen through after owner CK Infrastructure Holdings Ltd. tried to increase the sale price before an agreement was due to be struck last month, the Financial Times reports, citing two unnamed sources.

--CK Infrastructure's move to raise the asking price for UK Power Networks, Britain's largest electricity distributor, was because of a sharp rise in U.K. inflation, the sources said.


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(END) Dow Jones Newswires

July 04, 2022 02:45 ET (06:45 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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