- National Grid (NYSE:NGG) has sold a 61% stake in its U.K. gas distribution business to a consortium of investors led by Macquarie and China Investment Corp., in a deal valuing the business at £13.8B, including debt.
- Meanwhile, Glencore and Qatar's sovereign wealth fund have taken a near 20% stake in Rosneft for around $11.3B, as Russia tries to privatize some state assets to help bolster its finances.
Swapping gas for cash
Recommended For You
About NGG Stock
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| NGG | - | - |
| National Grid plc | ||