Western Power Distribution bidders set to form consortia ahead of NBOs

19 October 2020 - 12:00 am UTC

PPL is progressing with sale preparations for Western Power Distribution (WPD), as investors look to form teams and hire advisors.

The New York-listed energy giant wants bidders to sign non-disclosure agreements for the up-to-GBP 12bn sale of the UK electricity distribution network operator (DNO) by early November, with information memoranda (IMs) to be followed shortly afterwards, sources said.

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