Satisfaction of conditions: majority stake sale GT

Source: RNS
RNS Number : 5049I
National Grid PLC
05 December 2022


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




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.




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.