Macquarie completed the acquisition of a 20% stake in the gas transmission and metering business of National Grid at a £9.6bn valuation.

Macquarie, a private equity firm, completed the acquisition of a 20% stake in the gas transmission and metering business of National Grid, an electricity and gas utility company, at a £9.6bn valuation. “This additional investment underlines our commitment to National Gas and the critical role it plays in the UK’s energy system. We have been working closely with the National Gas team since January as they have continued to meet the energy needs of millions of households and businesses. We are pleased to continue our strong relationship with National Grid, and aspire to acquire the Remaining Interest in due course," Martin Bradley, Macquarie European Head of Infrastructure.