5 December 2022
Satisfaction of conditions to sale of majority interest in NGGT and Metering
National Grid plc is pleased to announce that all the conditions relating to the sale of a 60% equity interest in its UK gas transmission and metering business ("NGG") to a consortium (the "Consortium") comprised of Macquarie Asset Management and British Columbia Investment Management Corporation (the "Transaction") have now been fully met. Completion of the Transaction is expected to occur on or around 31 January 2023.
Enquiries and contacts
Investors and Analyst:
Nick Ashworth +44 (0) 7814 355 590
Angela Broad +44 (0) 7825 351 918
James Flanagan +44 (0) 7970 778 952
Jonathan Clay +44 (0) 7899 928 247
Media:
Molly Neal +44 (0) 7583 102 727
About National Grid Gas
National Grid Gas owns and operates the regulated gas National Transmission System ("NTS") in Great Britain, and also owns a regulated gas metering business.