April 25 (Reuters) - A consortium of Hong Kong's CK Infrastructure, CK Asset, and Power Assets 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, billionaire Li Ka-shing's infrastructure flagship and his property arm, CK Asset, 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) (Reporting by Sameer Manekar in Bengaluru; Editing by Mrigank Dhaniwala and Eileen Soreng)