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National Grid Completes Sale of National Gas

National Grid Completes Sale of National Gas

National Grid Transco (NGG) has released an update.

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National Grid plc has successfully divested its remaining 20% stake in National Gas, finalizing the sale to an investor group led by Macquarie Asset Management. The transaction marks a significant move for National Grid, emphasizing its commitment to transforming the energy system and investing in sustainable energy ventures. This strategic sale aligns with National Grid’s broader objectives of spearheading energy decarbonization and innovation.

For further insights into NGG stock, check out TipRanks’ Stock Analysis page.

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