Announced

Completed

OTPP and Brookfield completed the acquisition of a 50% stake in Scotia Gas Networks from ADIA and SSE for $2.6bn.

Synopsis

Investment companies Ontario Teachers’ Pension Plan Board and Brookfield completed the acquisition of a 50% stake in Scotia Gas Networks, a British gas distribution company which manages the network that distributes natural and green gas, from Abu Dhabi Investment Authority, a sovereign wealth fund, and SSE, a multinational energy company, for $2.6bn. "SGN has been a hugely successful investment for SSE and is a strong business, but it had become purely a financial investment for SSE and we wish the team every success in the future. For SSE the sale has sharpened our focus on our low-carbon electricity core, leaving us fully focused on delivering our Net Zero Acceleration Programme," Gregor Alexander, SSE Finance Director.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US