Herbert Smith and DLA Piper have scored lead roles on EDF’s £5.8bn sale of its UK electricity networks business to Cheung Kong Infrastructure (CKI), a company led by Hong Kong billionaire Li Ka-shing.

DLA Piper advised CKI, which outbid a consortium of Macquarie of Australia, the Abu Dhabi Investment Authority, and Canada Pension Plan. The firm fielded a team led by London-based corporate partners Jon Hayes and Kiran Sharma.