Wild inflation sees KKR, Macquarie scrap £15bn UK Power Networks deal after last-minute price hike

A consortium led by KKR and Macquarie has reportedly scrapped its £15bn takeover of the UK’s largest electricity distributor after soaring inflation pushed the company’s owner to a last-minute price rise. Hong Kong billionaire Li Ka-Shing’s CK Infrastructure Holdings tried to up the price just two days before the agreement was set to be signed …