17th Jan 2016 18:06
LONDON (Alliance News) - Two large Canadian pension fund investors are considering plans to partner on the bid for the gas distribution assets National Grid PLC, the UK's power grid operator, is set to sell, The Sunday Telegraph reported.
Ontario Teachers' Pension Plan and Borealis, the infrastructure investment arm of the Ontario Municipal Employees Retirement System, are understood to have held early talks to team up to bid for the assets, which have been valued at around GBP11 billion.
National Grid announced plans to sell the assets in November and the two Canadian bidders are considered natural suitors, having bought other distribution assets from National Grid back in 2004.
http://www.telegraph.co.uk/finance/newsbysector/energy/12102636/Canadian-funds-eye-stake-in-National-Grid-network.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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