Business
Completion of sale of final 39% interest in Cadent
Completion of sale of final 39% interest in Cadent.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 8366D National Grid PLC 28 June 2019 \n\n \n \n \n \n \n28 June 2019\n \nCompletion of the sale of remaining 39% interest in Cadent\nNational Grid has today completed the sale of the final tranche of its remaining 39% stake in the holding company for the Cadent gas business to Quadgas Investments Bidco Limited, receiving total cash proceeds of £1,971m.\n \nThese funds will be reinvested in the business, supporting the significant capital investment programme and asset growth across the Group over the medium term. \n \n \n\n\n\n\nInvestors and Analysts \n \nAarti Singhal\n \nWill Jackson\n \nJames Flanagan\n \n \n\n\n \n \n+44 (0) 20 7004 3170 (d)\n \n+44 (0) 20 7004 3166 (d) \n \n+44 (0) 20 7004 3129 (d)\n \n \n\n\n \n \n+44 (0) 7989 492 447 (m)\n \n+44 (0) 7584 206 578 (m)\n \n+44 (0) 7970 778 952 (m)\n \n \n\n\n\n\nMedia\n \nNeil Daugherty\n\n\n \n \n+44 (0) 207 260 2700 (d)\n\n\n \n \n+44 (0) 7989 955 515 (m)\n \n\n\n\n\n \n\n\nCAUTIONARY STATEMENT \nThis announcement contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National Grid's financial condition, its results of operations and businesses, strategy, plans and objectives. Words such as 'aims', 'anticipates', 'expects', 'should', 'intends', 'plans', 'believes', 'outlook', 'seeks', 'estimates', 'targets', 'may', 'will', 'continue', 'project' and similar expressions, as well as statements in the future tense, identify forward-looking statements. These forward-looking statements are not guarantees...