India, Aug. 14 -- National Grid plc (NGG,NG.L), a British electricity and gas utility company, on Thursday announced that it has agreed to sell its Grain LNG business to a consortium comprising Centrica plc (CNA.L) and Energy Capital Partners LLC, a subsidiary of Bridgepoint Group plc (BPT.L).
The deal is expected to be completed later this year.
The transaction is valued at about 1.66 billion pounds, including a pre-completion dividend, with the final amount subject to customary completion adjustments.
On Wednesday, Bridgepoint closed trading 0.23% higher at 342.60 pence on the London Stock Exchange.
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On Wednesday, Centrica closed trading 0.34% lesser ...