Business
NGGD Sale - European Commission Merger Clearance
NGGD Sale - European Commission Merger Clearance.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 7407Z National Grid PLC 16 March 2017 \n\n \n \n16 March 2017\n \n \nNational Grid Gas Distribution - European Commission Merger Clearance\n \nNational Grid plc is pleased to announce that the European Commission has cleared the sale of a 61% equity interest in its UK gas distribution business to a consortium (the \"Consortium\") of long-term infrastructure investors.\n \nThe Consortium comprises Macquarie Infrastructure and Real Assets, Allianz Capital Partners, Hermes Investment Management, CIC Capital Corporation, Qatar Investment Authority, Dalmore Capital and Amber Infrastructure Limited/International Public Partnerships.\n \nNational Grid expects that the transaction will complete on 31 March 2017.\n \n \n \n \nCONTACTS\n \nInvestors:\nAarti Singhal +44 (0) 207 004 3170 \nDavid Brining +44 (0) 207 004 3166 \n \n \nMedia\nSean Kemp +44 (0)207 004 3149 \n \n \n \n\n\n \nCAUTIONARY STATEMENT\n \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 'anticipates', 'expects', 'should', 'intends', 'plans', 'believes', 'outlook', 'seeks', 'estimates...