National Grid Sells 60% Stake in UK Gas Transmission and Metering Business to Macquarie and British Columbia Investment Management Corporation
Posted on 03/28/2022
National Grid plc agreed to sell a 60% equity interest in its U.K. gas transmission and metering business (NGG) to a consortium of long-term infrastructure investors. The terms of the transaction imply an enterprise value for the business of approximately £9.6 billion. The consortium is made up of Macquarie Asset Management and British Columbia Investment…
