“The company believes that a listing in London … will benefit its geographically diverse shareholder base and will assist in building the company’s profile and provide a greater market for trading in the shares,” CK Infrastructure said in a statement.
The UK forms the company’s largest market, accounting for about 36 per cent of its earnings in 2023.
The company had flagged in mid-July it was exploring a secondary listing on an overseas stock exchange such as London.
Last month, Britain’s markets watchdog approved the biggest reform of the London Stock Exchange in three decades to attract more innovative companies by reducing red tape.
A consortium led by CKI Infrastructure agreed to buy the portfolio of 32 operating onshore wind farms in England, Scotland and Wales from Aviva Investors for around £350 million (US$448.5 million), according to a statement on Tuesday morning. The transaction is expected to close in late September.