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PPL (PPL) agrees to buy E.On's (EONGY.PK) U.K. power grid for £3.5B ($5.6B) in a deal that...

PPL (PPL) agrees to buy E.On's (EONGY.PK) U.K. power grid for £3.5B ($5.6B) in a deal that will triple PPL's U.K. customer base and create one of the largest electricity distributors in Britain. PPL will also assume £500M of debt. (PR)
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