We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| National Grid Plc | LSE:NG. | London | Ordinary Share | GB00BDR05C01 | ORD 12 204/473P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6.00 | 0.55% | 1,101.50 | 1,100.50 | 1,101.00 | 1,104.00 | 1,095.50 | 1,100.00 | 8,029,510 | 16:35:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Combination Utilities, Nec | 24.25B | 7.8B | 2.1140 | 5.21 | 40.59B |
From May 2019 to May 2024
By Razak Musah Baba
LONDON--National Grid PLC (NG.LN) said it has agreed an option for the sale of a further 14% of its U.K. gas distribution business for about 0.8 billion pounds ($1 billion) following the completion Friday of an earlier deal for 61% to the same consortium.
In December last year, the utility firm announced the sale of the 61% stake to a consortium of long-term infrastructure investors in a deal that values the unit at about GBP13.8 billion pounds, and will return GBP4 billion of the proceeds to shareholders.
The potential sale of a further 14% equity interest to the same consortium--at the option of National Grid or the consortium between March 1, 2019 and Oct.31, 2019--is on broadly similar terms to the previous stake sale, it added.
"If the sale of the further interest is completed, the use of proceeds will be updated at that time," the company said.
Shares at 1050 GMT up 6 pence, or 0.7%, at GBP10.13, valuing the company at GBP37.96 billion.
Ian Walker contributed to this article
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
March 31, 2017 07:49 ET (11:49 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year National Grid Chart |
1 Month National Grid Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
