Now China Wants to Buy National Grid’s Gas Pipeline Business

A pair of Chinese bidders are eyeing the £11bn auction of National Grid’s huge gas distribution network, an important part of Britain’s energy infrastructure that was put up for sale by the FTSE 100 giant last year.
Fosun, the sprawling mining-to-insurance conglomerate that owns the French resorts business Club Med, and China Gas are thought to have joined forces to consider making a consortium offer for a controlling stake in the pipelines business. National Grid’s network spans the country, supplying gas to about 10.9m customers.
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