Kansai-led consortium to invest in Electricity North West.

A Kansai Electric Power-led consortium agreed to invest in Electricity North West, which will conduct a power distribution business in the United Kingdom. The firms will acquire 50% of Electricity North West shares from institutional investors First State Investments and institutional investors advised by JP Morgan Asset Management. Financial terms were not disclosed. “We are excited to partner with Kansai to acquire this stake in Electricity North. Our partnership brings strong strategic and asset management expertise which will help fuel growth and sustained outperformance for one of the UK’s premier distribution network operators while providing a great service for customers,” Hugh Crossley, Equitix chief investment officer.