UK Regulator Clears Acquisition of National Grid Stake by Consortium
23 Novembre 2022 - 8:44AM
Dow Jones News
By Joe Hoppe
The U.K. competition regulator said Tuesday that it has cleared
the acquisition of a 60% shareholding in the gas transmission and
metering business of National Grid PLC by a consortium of
investors.
The Competition and Markets Authority said it decided, based on
the information currently available to it, not to refer the
acquisition of part of the energy infrastructure group by Macquarie
Infrastructure and Real Assets (Europe) Ltd. and British Columbia
Investment Management Corp. to a Phase 2 investigation.
National Grid said in March that it would sell the stake in its
U.K. gas-transmission business to the consortium for 2.2 billion
pounds ($2.60 billion) in cash and GBP2.0 billion more in
additional debt financing on completion.
The CMA had said it would examine the deal on Sept. 27.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
November 22, 2022 04:25 ET (09:25 GMT)
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