Both CKI and HK Electric each hold a 40% stake in the investment, with the remaining 20% taken by the Li Ka Shing Foundation and Li Ka Shing (Overseas) Foundation.

The consortium has formed a new company, UK Power Networks, to own and manage these new UK electricity network activities.

The newly acquired asset comprises three regional networks with a distribution area that covers London, the east of England and south east England.

In addition, the power networks include a non-regulated business comprising commercial contracts to distribute electricity to a number of privately owned sites.