EnergyWatch

National Grid sells gas pipeline for billions

A consortium of state investors, including from China and Qatar, have bought the majority of National Grid's gas distribution, which is valued at GBP 3.6 billion.

Photo: Dong Energy, PR

National Grid has sold 61 percent of shares in its British gas division (NGGD). The buyer is a consortium lead by Australian investment bank Macquarie Bank and is backed up financially by state investors including China and Qatar. The consortium will pay GBP 3.6 billion for a majority shareholding and a further GBP 1.8 billion in debt financing.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

RWE wins German solar tender

The German utility secures rights to develop a solar farm in North Rhine-Westphalia in 2023 after emerging triumphant in solar tender

Further reading

Related articles

Latest News

See all jobs