Betaville

The former Chancellor of the Exchequer, the boutique investment bank firm and, er, insert anything they are both involved with here... - Part 6

This morning National Grid announced it is selling a 60pc stake in its transmission and metering business to a consortium led by Australian infrastructure house Macquarie for £9.6 billion including debt.

One of the advisory firms named on the bottom of the press release that worked on the deal for National Grid was Robey Warshaw, the advisory firm that last year recruited George Osborne, the former Chancellor of the Exchequer, as a partner...

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Revealed: secret name of consortium preparing £12 billion bid for National Grid distribution business - sources - part 2

So, coming up with a silly name to differentiate your consortium from the other Chinese bidders clearly does work. This morning it was announced the mega consortium, which called itself (in secret) the "Saxon Infrastructure Distribution Company", has won the £13 billion National Grid gas distribution auction...

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Revealed: secret name of consortium preparing £12 billion bid for National Grid distribution business - sources

The £12 billion auction for National Grid's distribution business is hotting up and top M&A reporters are breaking stories left, right and centre.

Last week, for example, the Kleinmanator of Sky News published a good scoopette about how Hermes had joined a consortium of investors led by CIC, the Chinese state's sovereign wealth fund. Here is a link to Mark's piece:..

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Back on Tip TV talking about National Grid, Chinese bids and Spire Healthcare

It's a Monday, so here is the link to today's Tip TV session.

https://www.youtube.com/watch?v=mB6rEF8uOGc..

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