National Grid to sell remaining gas distribution stake

National Grid has announced it will sell its 39% share in Cadent to Quadgas Investments Bidco by the end of June 2019, subject to regulatory approvals. Following the sale, Quadgas will own 100% of Cadent.

National Grid said the expected proceeds of £2 billion will be retained by the UK business to reinvest in the “strong organic growth” it anticipates in the medium-term.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *


*