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

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%.