(Finance) – National GridBritish company that has and manages electricity and gas in the UK and USA networks, has accepted to sell its business of renewable energy onshore national grid renewables us A Brookfield Asset Management, Canadian multinational and is one of the largest investment companies in the world.
The transaction is “another important step in the realization of the strategy previously communicated by National Grid for focus on the nets and simplify the activity, As announced in May 2024 “, reads a note.
The terms of the transaction imply a corporate value for National Grid Renewables of 1.735 billion dollars. The final fee in cash will be subject to the usual adjustments.
(Photo: Anton Dmitriev on UNSPLASH)