IN BRIEF: National Grid completes £3.6 billion sale of National Gas

Related news

National Grid PLC - London-based electricity infrastructure operator - Completes sale of final 20% equity stake in National Gas, the operator of the UK’s gas transmission network, to a consortium led by Macquarie Asset Management Holdings Pty Ltd, part of Australia’s Macquarie Group Ltd. The Macquarie-led investors bought an 80% stake in National Gas in two tranches last year, and the agreement to buy the remaining 20% on the same terms was announced at the end of July this year. The total value of the deal for 100% of National Gas was about £3.6 billion. National Grid said the disposal was part of its strategy to pivot towards electricity and followed its 2021 acquisition of Western Power Distribution for £7.8 billion.

Current stock price: 1,037.50 pence

12-month change: up 12%

Copyright 2024 Alliance News Ltd. All Rights reserved.

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.