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.
On Wednesday, Centrica closed trading 0.34% lesser at 162.10 pence on the London Stock Exchange.
On Wednesday, National Grid closed 0.10% lesser at 1,033 pence on the London Stock Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.