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Centrica, ECP Buy UK Grain LNG Terminal for £1.5 Billion

Centrica, ECP Buy UK Grain LNG Terminal for £1.5 Billion

Bloomberg2 days ago
Centrica Plc and Energy Capital Partners agreed to purchase the Grain LNG terminal in the UK from National Grid Plc in a deal valued at £1.5 billion ($2 billion).
The owner of British Gas will invest £200 million for a 50% equity stake after taking into account £1.1 billion of project finance debt, the firm said in a statement on Thursday. Centrica emerged as the leading buyer after Hong-Kong investor CK Infrastructure Holdings Ltd. dropped out of the bidding recently.
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