--Macquarie Group Ltd. has made an initial non-binding offer for a majority stake in National Grid PLC's gas transmission business, Bloomberg reports.

--The Australian group's offer could value the asset at more than $10 billion, Bloomberg says.

--Deliberations are continuing and no final decisions have been taken, according to Bloomberg.

--National Grid's gas transmission assets have also drawn interest from infrastructure specialist IFM Investors, Canada's Public Sector Pension Investment Board and pension fund investor APG Asset Management, Bloomberg reports.

 

Full story: https://bloom.bg/3LHFgsO

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

February 18, 2022 05:23 ET (10:23 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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