National Grid Completes Sale of Final 20% Stake in National Gas

TL;DR

National Grid sold its last 20% of National Gas, completing the exit.

AI Summary

National Grid plc announced on September 26, 2024, the completion of the sale of its final 20% stake in National Gas. This transaction marks the full divestment of National Grid's interest in National Gas, a significant step in the company's strategic realignment.

Why It Matters

This divestment allows National Grid to focus on its core regulated businesses in the UK and US, potentially improving financial flexibility and strategic focus.

Risk Assessment

Risk Level: low — The filing is an informational update on a completed transaction, not a new risk or uncertainty.

Key Players & Entities

• National Grid plc (company) — Filer of the report
• National Gas (company) — Company in which National Grid sold its stake
• September 26, 2024 (date) — Date of the report and completion of sale

FAQ

Filing Documents

• a6970f.htm (6-K) — 27KB
• 0001654954-24-012327.txt ( ) — 29KB

From the Filing

OF SALE OF FINAL 20% OF NATIONAL GAS a6970f         UNITED STATES   SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 _______________________________________________________     FORM 6-K _______________________________________________________    REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934   Date: 26 September 2024   Commission File Number: 001-14958 _______________________________________________________    NATIONAL GRID plc   (Translation of registrant’s name into English)   England and Wales   (Jurisdiction of Incorporation)  _______________________________________________________      1-3 Strand, London, WC2N 5EH, United Kingdom (Address of principal executive office) _______________________________________________________    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.   ☒   Form 20-F       ☐   Form 40-F   Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐   Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):   ☐   Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of 1934.   ☐   Yes     ☒   No   If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a                         EXHIBIT INDEX   Exhibit No.     Description     99.1   Exhibit 99.1 Announcement sent to the London Stock Exchange on 26 September 2024   — Completion of sale of final 20% of National Gas     Exhibit 99.1     26 September 2024   National Grid plc   Completion of sale of final 20% of National Gas   National Grid plc ("National Grid") is pleased to announce that it has today completed the sale of its final 20% equity interest in National Gas to a consortium of long-term infrastructure investors led by Macquarie Asset Management. Enquiries and   contacts   Investors and Analysts:   Angela Broad                                      +44 (0) 7825 351 918 Tom Edwards                                      +44 (0) 7976 962 791   Media:   Dan Roberts, Brunswick                        +44 (0) 207 404 5959   Notes to Editors   About National Grid   National Grid lies at the heart of a transforming energy system, spanning the UK and the US. Our businesses supply gas and electricity, safely, reliably and efficiently to millions of customers and communities. But we also drive change through engineering innovation and by incubating new ideas with the power to revolutionise our industry.   National Grid is pioneering ways to decarbonise the energy system including delivering The Great Grid Upgrade - the largest overhaul of the UK grid in generations - and building the Upstate Upgrade, the largest investment in New York's electricity transmission network for over a century.   As one of the largest investor-owned energy companies in the world, National Grid is at the centre of a clean, fair and affordable energy future, and is one of the FTSE's largest investors in the energy transition.    SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.         NATIONAL GRID plc           By:   Beth Melges       Beth Melges Head of Plc Governance         Date: 26 September 2024

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View this 6-K filing on SEC EDGAR