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Birmingham Post
Birmingham Post
Business
August Graham, PA City Reporter & Hannah Baker

National Grid sells majority stake in gas network to Macquarie and BCI

National Grid as sold a majority stake in its gas grid to a group of global investors as it raises money to invest in electricity.

The FTSE 100 business said it would pocket £2.2bn in cash for 60% of its gas transmission and metering unit.

The consortium of buyers includes Australian Bank Macquarie Asset Management and Canada's British Columbia Investment Management Corporation (BCI).

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