National Grid sells off another 20% of gas network to Australia’s Macquarie
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy National Grid has sold off another big chunk of Britain’s gas infrastructure network as Australian investor Macquarie plans to buy another 20% of National Gas. It follows a deal in February last year which saw Macquarie and British Columbia Investment buy a controlling 60% stake in the gas infrastructure business for £4.2 billion. On Wednesday Macquarie announced it aims to buy an additional 20%, in a deal which would give National Grid proceeds of around £700 million. Macquarie also has the potential to buy the last 20% of the company, putting all of National Gas into the hands of the world’s largest infrastructure investor.
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