Business
National Grid - sale of final 20% of National Gas
National Grid - sale of final 20% of National Gas.
About this update from National Grid Plc
[{"type":"text","content":"\n\n26 July 2024\nNational Grid plc\n \nSale of final 20% of National Gas\n \n \nNational Grid confirms that it will sell its final 20% equity interest (the \"Remaining Interest\") in National Gas to existing majority owners, a consortium of long-term infrastructure investors led by Macquarie Asset Management (the \"Consortium\"), following the exercise of the Consortium's option agreement.\n \nThe Remaining Interest is on equivalent financial terms to the original transaction. Completion of the Remaining Interest is expected by the first quarter of calendar year 2025, subject to the satisfaction of customary closing conditions and regulatory approvals.\n \n \nEnquiries and contacts\n \nInvestors and Analysts:\n \nNick Ashworth +44 (0) 7814 355 590\nAngela Broad +44 (0) 7825 351 918\nJames Flanagan +44 (0) 7970 778 952\n \nMedia:\n \nDanielle Dominey-Kent +44 (0) 7977 054 575\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 (the Company) 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', 'wil...