BUZZ-UK's National Grid rises on sale of renewables arm for $1.74 billion
ReutersFeb 24, 2025 8:29 AM
Shares of energy co National Grid NG.L jump 1.1% to 968.4p
Co to sell its U.S. onshore renewables business to Brookfield Asset Management BAM.TO and its partners in a deal valued at $1.74 bln, including debt
Deal is expected to be completed in H1 of the financial year ending March 31, 2026
Deal is a part of the company's previously announced strategy to focus on networks and streamline its business
NG up about 2% YTD
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