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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Adia buys stake in British gas utility SGN

Posted on 18 October 2016

The Abu Dhabi Investment Authority has bought a stake in SGN, a UK gas distribution ­company, as part of its strategy to invest some of its vast assets in infrastructure with steady earnings.
Adia paid £621 million (Dh2.77 billion) for a 16.7 per cent stake in SGN, formerly known as Scotia Gas Networks, from SSE, the second-largest energy supplier in the UK. SGN distributes natural gas to about 6 million homes and businesses in Scotland and the south of England, and operates one of the oldest biomethane fac­ilities in the country…………………………………..Full Article: Source


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