| One of the world’s biggest sovereign wealth funds added to its collection of British assets yesterday by picking up a £621 million stake in a Scottish gas distribution network.
The Abu Dhabi Investment Authority, which owns stakes in Gatwick airport and Thames Water, has acquired a 16.7 per cent stake in Scotia Gas Networks from SSE. Scotia manages the pipes and network supplying gas to 5.9 million homes and businesses in Scotland, southern England and parts of Northern Ireland...........................................Full Article: Source |