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Thursday, 8 December 2016

National Grid sells majority stake in gas division in £13.8bn deal | Business | The Guardian

National Grid sells majority stake in gas division in £13.8bn deal | Business | The Guardian:
"National Grid has agreed to sell a majority stake in its gas pipe network to a team of investors in a deal valuing the division at about £13.8bn.

The UK’s power network operator said it would sell a 61% shareholding in the gas pipe arm to a consortium led by Australian investment bank Macquarie, including backing from Qatari and Chinese state investors.

National Grid will return £4bn to shareholders after the deal, and it will make a voluntary payment of £150m to the benefit of British energy consumers."

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