StockMarketWire.com - Power utility National Grid said it had completed the sale of the final tranche of its remaining 39% stake in the holding company for the Cadent gas business.

The business was sold to Quadgas Investments Bidco, which received total cash proceeds of £1.97bn.

'These funds will be reinvested in the business, supporting the significant capital investment programme and asset growth across the group over the medium term,' National Grid said.


At 1:11pm: [LON:NG.] National Grid PLC share price was +2.65p at 835.75p



Story provided by StockMarketWire.com