REG - National Grid PLC - Satisfaction of conditions: majority stake sale GT

National GridAnnouncement

05/12/2022 07:00

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RNS Number : 5049I  National Grid PLC  05 December 2022

 

5 December 2022

 

Satisfaction of conditions to sale of majority interest in NGGT and Metering

 

National Grid plc is pleased to announce that all the conditions relating to
the sale of a 60% equity interest in its UK gas transmission and metering
business ("NGG") to a consortium (the "Consortium") comprised of Macquarie
Asset Management and British Columbia Investment Management Corporation (the
"Transaction") have now been fully met. Completion of the Transaction is
expected to occur on or around 31 January 2023.

 

 

Enquiries and contacts

 

Investors and Analyst:

 

Nick Ashworth
                                    +44 (0)
7814 355 590

Angela Broad
                                     +44
(0) 7825 351 918

James Flanagan
+44 (0) 7970 778 952

Jonathan Clay
                                    +44 (0)
7899 928 247

 

Media:

 

Molly
Neal
+44 (0) 7583 102 727

 

 

About National Grid Gas

 

National Grid Gas owns and operates the regulated gas National Transmission
System ("NTS") in Great Britain, and also owns a regulated gas metering
business.

 

 

 

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