22nd Nov 2022 10:48
National Grid PLC - manages the UK's electricity infrastructure - UK Competition & Markets Authority decides not to refer investment consortium's acquisition of a 60% shareholding in National Grid PLC's gas transmission and metering business to a phase 2 investigation. Investment consortium includes Macquarie Infrastructure, Real Assets Ltd and British Columbia Investment Management Corp.
National Grid in March agreed to sell a 60% interest in its gas transmission and metering business in the UK to a consortium of "long-term infrastructure investors" for GBP2.2 billion in cash. In September, UK CMA announced investigation into National Grid's sale of a shareholding in its gas transmission and gas metering business. The CMA examined whether the deal would lead to a "substantial lessening of competition" in the UK.
Current stock price: 1,037.50, up 0.5% on Tuesday
12-month change: up 5.3%
By Chris Dorrell; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
National Grid