Grid to Hand Out Pounds 2bn From Sell-Off Proceeds

Summary


INVESTORS in National Grid Transco will receive Pounds 2 billion from the proceeds of the group's Pounds 5.8 billion gas networks sell-off through a cash-or-dividend scheme next summer.

The return will come as the latest bonanza for Grid shareholders, who will get a 20% dividend rise this year.

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Extract


Grid to Hand Out Pounds 2bn From Sell-Off Proceeds

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