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National Grid sells further 20% of National Gas unit to Macquarie-led consortium

by | Jul 19, 2023

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(Sharecast News) – National Grid has sold a further 20% of its UK National Gas transmission and metering business to the existing majority owners, a consortium of investors led by Macquarie Asset Management, along with an option to buy the rest of the company.
National Grid said it intended to use total proceeds of £700m towards general corporate purposes including repayment of debt.

The consortium has the option, exercisable between 1 May 2024 and 31 July 2024, to buy all or part of the remaining 20%.

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