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Gas Networks

SSE Plc plans to sell its 33% stake in local gas network company Scotland Gas Networks Plc as part of its plan to focus on renewable generation. SSE said in February it had appointed banks to review options for a sale and is “now progressing options for divestment of all its equity stake in SGN,” according to a statement on Tuesday. The disposal follows a deal by National Grid Plc to sell its majority stake in its gas grid business later this year, as the fossil fuel comes under increasing scrutiny from investors and activists.

Bloomberg 30th March 2021 read more »

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