National Grid sells UK gas business to Macquarie-led consortium for £0.7 billion
LONDON, UK: National Grid has agreed to sell another 20% stake in its UK gas transmission and metering business (National Gas) to a group of long-term infrastructure investors led by Macquarie Asset Management (the “Consortium”). The deal is worth about £0.7 billion and is on the same financial terms as the original 60% sale, which…