(Adds details on sale and background)
July 19 (Reuters) - Britain's National Grid NG.L said on Wednesday it would sell a further 20% stake in its UK gas transmission and metering business to the existing majority owners, an investor-consortium led by Australia's Macquarie Asset Management.
National Grid said the stake sale would be on the equivalent financial terms as when it sold a 60% stake to the consortium in January.
That deal had implied an enterprise value of about 9.6 billion pounds ($12.42 billion) for the unit, National Gas.
The sale, which National Grid expects to complete later this year, comes as the company is shifting its focus to electricity.
($1 = 0.7730 pounds)
(Adds details on sale and background) July 19 (Reuters) -...
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Last
$226.17 |
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2.180(0.97%) |
Mkt cap ! $86.20B | |||
| Open | High | Low | Value | Volume |
| $224.14 | $226.74 | $223.87 | $118.7M | 526.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6 | $226.17 |
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| Price($) | Vol. | No. |
|---|---|---|
| $226.30 | 100 | 1 |
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