Macquarie Group Makes Offer for Stake in National Grid's Gas Networks, Bloomberg Reports
February 18 2022 - 5:38AM
Dow Jones News
--Macquarie Group Ltd. has made an initial non-binding offer for
a majority stake in National Grid PLC's gas transmission business,
Bloomberg reports.
--The Australian group's offer could value the asset at more
than $10 billion, Bloomberg says.
--Deliberations are continuing and no final decisions have been
taken, according to Bloomberg.
--National Grid's gas transmission assets have also drawn
interest from infrastructure specialist IFM Investors, Canada's
Public Sector Pension Investment Board and pension fund investor
APG Asset Management, Bloomberg reports.
Full story: https://bloom.bg/3LHFgsO
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
February 18, 2022 05:23 ET (10:23 GMT)
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