Quadgas consortium £1.2 billion acquisition of stake in Cadent Gas

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