Union hits out at sale to overseas consortium involving Australian bank Macquarie plus Chinese and Qatari state investors
National Grid has agreed to sell a majority stake in its gas pipe network to a team of investors in a deal valuing the division at about £13.8bn.
The UK’s power network operator said it would sell a 61% shareholding in the gas pipe arm to a consortium led by Australian investment bank Macquarie, including backing from Qatari and Chinese state investors.
Related: National Grid looks to benefit from Trump infrastructure plan
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