Naturgy, Allianz form consortium for UK utility bid

17 December 2020 - 12:00 am UTC

Spanish utility Naturgy, China Southern Grid and Allianz Global Investors have formed a consortium that is preparing to take part in PPL Corp.’s upcoming sale of UK electricity distribution network operator Western Power Distribution (WPD), a source close to the situation told SparkSpread

The three parties are being advised by Morgan Stanley, CaixaBank and Evercore, respectively, he added.

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