Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 23.11.2021  
C(2021 ) 8635 final  
PUBLIC VERSION  
CK Asset Holdings Limited  
7th Floor, Cheung Kong Center  
2 Queen's Road Central  
Hong Kong  
 
CK Infrastructure Holdings Limited  
12th Floor, Cheung Kong Center  
2 Queen’s Road Central  
Hong Kong  
Subject : Case M.10505  – CKA / CKI / UKPN  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 26 October 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger Regulation by which CK Asset 
Holdings Limited (“CKA”, Hong Kong) and CK Infrastructure Holdings Limited 
(“CKI”, Hong Kong), controll ed by CK Hutchinson Holdings Limited (Hong Kong), 
acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint 
control over the whole of the undertaking UK Power Networks Holdings Limited 
(“UKPN”, the UK) by way of purchase of shar es.3 
2. The business activities of the undertakings concerned are:  
 CKA is a multinational corporation with diverse activities including, inter alia, 
property development and investment, property and project management, 
infrastructure and utility asset operati on, 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 458, 12.11.2021 , p. 24. 

2  CKI is a global infrastructure company that has diversified investments in energy 
infrastructure, transportation infrastructure, water infrastructure, waste 
management, waste -to-energy, household infrastructure and infrastructure related 
businesses , 
 UKPN is a distribution network operator which owns and maintains electricity 
cables and lines across London  and the South East and East of England.  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls  within the scope of the Merger  Regulation  and of 
paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations  under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .