Announced

Centrica and Energy Capital Partners to acquire Grain LNG from National Grid for £1.5bn.

Synopsis

Centrica, a British multinational energy and services company, and Energy Capital Partners, a private equity firm, agreed to acquire Grain LNG, a specialized liquefied natural gas import terminal, from National Grid, an electricity, natural gas, and clean energy delivery company, for £1.5bn. "The Isle of Grain terminal is a strategic asset that will support the UK’s energy security for many decades to come, keeping energy flowing reliably and affordably to households and businesses across the country as we transition to net zero," Chris O'Shea, Centrica CEO.

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MergerLinks - Centrica and Energy Capital Partners to acquire Grain LNG from National Grid for £1.5bn.