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.

 

 

1 comment for “National Grid to sell remaining gas distribution stake

  1. Colin jackson
    April 4, 2019 at 2:12 PM

    Does share holder get any money from sale of gas section

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