ADIA Acquires Minority Stake in Scotia Gas Networks
Wealth funds are not holding back post-Brexit – the desire for high-quality infrastructure assets is too strong. The Abu Dhabi Investment Authority (ADIA), through its sovereign wealth enterprises, acquired a 16.7% minority equity ownership stake in gas distribution business Scotia Gas Networks Limited (SGN) from Perth, Scotland-based power provider SSE plc. SSE will retain a 33.3% ownership stake in SGN following the sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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