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Sovereign Wealth Funds Briefing - Categorized | Investment

Gulf State wealth fund shells out £621 million for SGN stake

Posted on 18 October 2016

Perth power provider SSE has sold a minority stake in gas distribution business SGN to the Abu Dhabi Investment Authority for £621 million. The Gulf State-based sovereign wealth fund is expected to tie-up the purchase of a 16.7% stake in SGN by the end of this month.
SSE will retain a 33.3% stake in SGN – which owns and operates two gas distribution networks serving six million properties in Scotland and the south of England – following the sale…………………………………..Full Article: Source


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