Business
United Utilities sells its stake in NGN
United Utilities sells its stake in NGN.
About this update from United Utilities Group Plc
[{"type":"text","content":"\n \nUnited Utilities Group PLC\n\n16 November 2009\n\n UNITED UTILITIES ANNOUNCES THE DISPOSAL OF ITS INVESTMENT IN NORTHERN GAS \n NETWORKS \n\nUnited Utilities today announces that it has agreed the disposal of its entire\n15 per cent investment in Northern Gas Networks Holdings Limited to the\nexisting shareholders* for a cash consideration of £85.75 million. Completion\nof the transaction is expected by the end of 2009.\n\nUnited Utilities contacts:\n\nPhilip Green, Chief Executive +44 (0)1925 237000 \n \nTim Weller, Chief Financial Officer +44 (0)1925 237000 \n \nGaynor Kenyon, Communications Director +44 (0)7753 622282 \n \nDarren Jameson, Head of Investor Relations +44 (0)1925 237033 \n \nJames Bradley / Tom Murray, Tulchan Communications +44 (0) 20 7353 4200 \n\nNotes\n\n*The existing shareholders in Northern Gas Networks Holdings Limited, excluding\nUnited Utilities, are: PG (April) Limited, an indirect wholly-owned subsidiary\nof Cheung Kong Infrastructure Holdings Limited; Beta Central Profits Limited, a\nwholly-owned subsidiary of Hongkong Electric Holdings Limited; and SAS Trustee\nCorporation (managed by RREEF Alternative Investments).\n\n\n \n ","length":1803,"tagName":"div"}]