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National Grid PLC - London-based electricity infrastructure operator - Completes sale of final 20% equity stake in National Gas, the operator of the UK’s gas transmission network, to a consortium led by Macquarie Asset Management Holdings Pty Ltd, part of Australia’s Macquarie Group Ltd. The Macquarie-led investors bought an 80% stake in National Gas in two tranches last year, and the agreement to buy the remaining 20% on the same terms was announced at the end of July this year. The total value of the deal for 100% of National Gas was about £3.6 billion. National Grid said the disposal was part of its strategy to pivot towards electricity and followed its 2021 acquisition of Western Power Distribution for £7.8 billion. Current stock price: 1,037.50 pence 12-month change: up 12% Copyright 2024 Alliance News Ltd. All Rights reserved.
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