- National Grid (NGG +0.1%) plans to seek buyers for its regional gas distribution business, which could fetch as much as £10B ($15B) if disposed as a whole, Bloomberg reports.
- Depending on the scale of such a disposal, a special dividend or an acquisition are both options for proceeds, Citigroup says.
- NGG’s four regional gas distribution networks connect customers in the West Midlands, eastern England and the country's northwest as well as parts of London; NGG’s national grid of long-distance, high-pressure transmission pipelines would not be part of any sale, according to the report.