UK investigates sale of National Grid’s gas transmission business, report says

Dials and valves are seen near a section of gas pipeline at a National Grid facility near Knutsford, Britain, October 11, 2021. REUTERS/Phil Noble

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LONDON, Aug 7 (Reuters) – Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid’s (NG.L) gas transmission and metering business to a consortium led by Australia’s Macquarie, the Telegraph reported on Sunday.

National Grid agreed to sell the unit for an enterprise value of about 9.6 billion pounds ($12.7 billion) in March. read more

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Reporting by Akriti Sharma and Paul Sandle
Editing by Raissa Kasolowsky

Our Standards: The Thomson Reuters Trust Principles.

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