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UK investigates sale of National Grid's gas transmission business, report says

Britain's National Grid signs winter coal contracts
Britain's National Grid signs winter coal contracts -  Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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LONDON - Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid's gas transmission and metering business to a consortium led by Australia's Macquarie, the Telegraph reported on Sunday.

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National Grid agreed to sell the unit for an enterprise value of about 9.6 billion pounds ($12.7 billion) in March.

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