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.
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.
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