Linklaters advises National Grid on the sale of a further 20% equity interest in its UK gas transmission and metering business

Linklaters has advised National Grid on the sale of a further 20% equity interest in its UK gas transmission and metering business to the existing majority owners, a consortium of long-term infrastructure investors led by Macquarie Asset Management.

This further stake sale is on equivalent financial terms to the original 60% transaction completed in January 2023, which Linklaters also advised on. Completion is subject to a regulatory condition, but the sale is expected to complete in the second half of 2023.

The cross-practice UK-based team was led by Corporate partner Charles Turner, alongside managing associate Fionna Ng and associate Cameron Western. Partner Natura Gracia led on antitrust matters with managing associate Lucinda Richmond-Wigg.