.
MergerLinks Header Logo

New Deal


Announced

Completed

A consortium of investors completed the acquisition of the remaining ownership interest in Cadent Gas from National Grid.

Financials

Edit Data
Transaction Value£1,970m
Consideration TypeCash
Capital Owned61%
Capital Bid For39%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

Edit

A consortium of investors acquired the remaining ownership interest in Cadent Gas, which owns, operates and maintains the largest gas distribution network in the UK, from National Grid, a British multinational electricity and gas utility company, for $2.5bn. The potential sale will allow National Grid to continue to rebalance its business towards a portfolio that delivers attractive asset growth of between 5% to 7%.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US