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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| National Grid Plc New | NYSE:NGG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 68.33 | 0 | 10:23:46 |
From May 2021 to May 2024
By Joe Hoppe
The U.K.'s markets regulator said Thursday that it has served an initial enforcement order on National Grid PLC, relating to its expected acquisition of Western Power Distribution.
The Competition and Markets Authority said that it served the order on May 17, preventing the full integration of National Grid and WPD.
National Grid had said on March 18 it was looking to buy WPD from PPL Corp. for an equity value of 7.8 billion pounds ($11.01 billion).
WPD owns four distribution networks in the U.K., delivering power to around 7.9 million customers. The acquisition was expected to complete around July.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 10, 2021 02:44 ET (06:44 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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