16th Nov 2009 07:00
United Utilities Group PLC
16 November 2009
UNITED UTILITIES ANNOUNCES THE DISPOSAL OF ITS INVESTMENT IN NORTHERN GAS
NETWORKS
United Utilities today announces that it has agreed the disposal of its entire 15 per cent investment in Northern Gas Networks Holdings Limited to the existing shareholders* for a cash consideration of 85.75 million. Completion of the transaction is expected by the end of 2009.
United Utilities contacts:
Philip Green, Chief Executive +44 (0)1925 237000 Tim Weller, Chief Financial Officer +44 (0)1925 237000 Gaynor Kenyon, Communications Director +44 (0)7753 622282 Darren Jameson, Head of Investor Relations +44 (0)1925 237033 James Bradley / Tom Murray, Tulchan Communications +44 (0) 20 7353 4200
Notes
\* The existing shareholders in Northern Gas Networks Holdings Limited, excluding United Utilities, are: PG (April) Limited, an indirect wholly-owned subsidiary of Cheung Kong Infrastructure Holdings Limited; Beta Central Profits Limited, a wholly-owned subsidiary of Hongkong Electric Holdings Limited; and SAS Trustee Corporation (managed by RREEF Alternative Investments).
mapperRelated Shares:
United Utilities