Engie shares jump on $14 billion UK power grid deal

The Engie logo is displayed during the 107th session of the Congress of Mayors organised by the “France’s Mayors’ Association” (AMF) at the Paris Expo Porte de Versailles convention center in Paris, France, November 19, 2025. REUTERS
PARIS, Feb 26 – Shares in French utility Engie  hit their highest since September 2009 on Thursday, after the company announced it would buy UK Power Networks from Hong Kong-listed CK Infrastructure Holdings for 10.5 billion pounds ($14.21 billion).
Shares were up 7% at 29.49 euros at 0838GMT, and heading for their biggest single-day rise since March 2022.

Reporting by America Hernandez in Paris

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