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

|By:, SA News Editor

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)