Kansai Electric Power-led consortium to acquire the remaining 50% stake in Electricity North West.

Kansai Electric Power-led consortium agreed to acquire the remaining 50% stake in Electricity North West, which conducts a power distribution business in the United Kingdom. Financial terms were not disclosed. “We look forward to cooperating with all of the shareholders and to making a deeper contribution to Electricity North West. Presently we have succeeded in forming a long-term partnership structure. Kansai aims to develop a long-term and strategic collaboration with Electricity North West to create solutions that proactively address the current challenges to distribution networks,” Hiroshi Nakajima, Kansai Electric Power International Business and Cooperation Division Managing Executive Officer.