October 17, 2016 / 6:26 AM / 9 months ago

Energy supplier SSE to sell 16.7 pct stake in gas distribution business

1 Min Read

Oct 17 (Reuters) - Britain's second biggest energy supplier, SSE Plc, said it had agreed to sell a 16.7 percent stake in gas distribution business Scotia Gas Networks Ltd (SGN) to Abu Dhabi Investment Authority (ADIA) for a consideration of 621 million pounds ($772.21 million).

SSE, which expects the transaction to be completed by the end of this month said it would retain a 33.3 percent stake in the business. ($1 = 0.8042 pounds) (Reporting by Pranav Kiran in Bengaluru; Editing by Sunil Nair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below