National Grid plc Files 6-K on Grain LNG Sale

TL;DR

National Grid sold Grain LNG, details to follow.

AI Summary

On August 14, 2025, National Grid plc filed a Form 6-K, reporting a sale of Grain LNG. The filing does not specify the buyer or the financial terms of the transaction.

Why It Matters

This filing indicates a divestiture by National Grid plc, which could impact its future business strategy and asset portfolio.

Risk Assessment

Risk Level: medium — The filing is a routine report, but the sale of a significant asset like Grain LNG could have implications for the company's future performance and strategy.

Key Players & Entities

• NATIONAL GRID PLC (company) — Filer of the report
• Grain LNG (asset) — Asset being sold
• August 14, 2025 (date) — Date of the filing

FAQ

Filing Documents

• a3308v.htm (6-K) — 34KB
• 0001654954-25-009538.txt ( ) — 35KB

From the Filing

OF GRAIN LNG a3308v     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: 14 August 2025   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 14 August 2025   — Sale of Grain LNG     Exhibit 99.1   14 August 2025                                                                                                                    National Grid plc   Sale of Grain LNG   National Grid plc ("National Grid") today announces that it has agreed to sell its Grain LNG business to   a consortium of multinational energy company, Centrica plc and energy transition infrastructure investment firm, Energy Capital Partners LLC, part of Bridgepoint Group plc. This transaction is another important step in delivering National Grid's previously communicated strategy to streamline our business and focus on networks, as announced in May 2024.   The terms of the transaction comprise total proceeds of c.£1.66 billion, including a pre-completion dividend. The final consideration will be subject to certain completion adjustments.   Completion of the transaction will be subject to customary government and regulatory approvals. Subject to these clearances, National Grid expects that the transaction will complete later this year.     John Pettigrew, CEO of National Grid plc, said:  " Today's announcement of the sale of Grain LNG marks another successful step   in delivering National Grid's previously communicated strategy to streamline our business and focus on networks, and follows the completion of the sale of our NG Renewables business in May 2025."   About Grain LNG   Grain LNG, comprising two wholly owned subsidiaries of National Grid (National Grid Grain LNG Limited and Thamesport Interchange Limited), owns and operates the UK's largest LNG importation terminal under long term take or pay contracts, playing an important role in securing UK gas supply.       About National Grid plc   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. We are delivering The Great Grid Upgrade - the largest overhaul of the UK grid in generations, building the Upstate Upgrade, the largest investment in New York's electricity transmission network for over a century, and delivering our innovative electric sector modernisation programme in Massachusetts. As one of the largest investor-owned energy companies in the world, National Grid is committed to delivering secure, afforda

View Full Filing

View this 6-K filing on SEC EDGAR