April 25 (Reuters) - A consortium of Hong Kong's CK

Infrastructure ( CKISF ), CK Asset ( CHKGF ), and Power Assets ( HGKGF )

will acquire a Northern Ireland gas distribution

network operator, Phoenix Energy for an enterprise value of

HK$7.4 billion ($945.3 million).

The consortium will acquire Lionrai Investments No.1, which

owns Phoenix Energy, from NatWest Group Pension Fund and

Utilities of Australia International, the group said in a

statement on Wednesday.

CK Infrastructure ( CKISF ), billionaire Li Ka-shing's

infrastructure flagship and his property arm, CK Asset ( CHKGF ), will

each hold 40% in the consortium, while utility investment unit

Power Asset will own the remaining 20% stake.

Phoenix Energy, situated in Belfast, Northern Ireland,

owns and operates the largest natural gas distribution network

in the country, according to its

website

, covering 78% of gas connections in Northern Ireland and

providing services to 48% of the population.

($1 = 7.8280 Hong Kong dollars)