9th Nov 2015 06:38
LONDON (Alliance News) - National Grid PLC is planning to find a buyer for its regional gas distribution business, Bloomberg reported, citing people familiar with the matter.
The company, which runs the UK's power grid, is looking for suitors for the assets, which serve nearly 11 million customers and which could be worth up to GBP10.0 billion, the source said.
The business may also be carved into parts or a minority stake may be sold in the whole gas distribution system, the sources added. The sale is expected to kick off early next year.
http://www.bloomberg.com/news/articles/2015-11-08/national-grid-said-to-plan-sale-of-gas-distribution-networks
By Sam Unsted; [email protected]; @SamUAtAlliance
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