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Quadgas consortium £1.2 billion acquisition of stake in Cadent Gas

3/5/2018
Private acquisition
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£ 1.2 billion

$ 1.62 billion

Announced

3/5/2018

Overview:

  • Quadgas consortium has acquired a 25% stake in Cadent Gas for £1.2 billion.
  • National Grid has sold the stake in the largest gas distribution business.
  • The acquiring consortium was led by Macquarie Bank and Allianz Capital Partners.
  • Cadent Gas supplies approximately 11 million properties across England.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Oil and gas

Firms:
CMS Cameron McKenna Nabarro Olswang

Party: Quadgas (Acquirer)

Lawyers: Charles Currier, Munir Hassan

Linklaters

Party: National Grid (Seller)

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