The transaction remains subject to the approval of Cheung Kong group shareholders, approval by decree of the French Minister of Economy, following consultation with the French ‘Commission des Participations et des Transferts’ and authorization from the Directorate-General for Competition of the European Commission.
EDF’s UK electricity distribution assets comprise three regional networks with a distribution area that covers London, South East England and the East of England.
In addition, the company’s business also includes a non-regulated business comprising commercial contracts to distribute electricity to a number of privately owned sites.
