Macquarie Asset Management will buy out the 20% of Britain’s National Gas that it does already own, the investment company said on Friday without disclosing financial details.
The purchase from National Grid is expected to be completed by the first quarter next year, subject to regulatory approval.
National Gas owns and operates Britain’s 7,660 km national gas transmission system. It also owns and maintains more than six million domestic, industrial and commercial gas meters in Britain.
Source: Reuters.com