The UK government is to review a £4.2bn foreign takeover of a key part of the country’s gas infrastructure amid increased concerns about energy security.
The sale of a 60 per cent stake in National Grid’s gas transmission business to an international consortium led by Australia’s Macquarie, the world’s largest infrastructure investor, is to be reviewed under the National Security and Investment Act.
The intervention comes as Russia’s invasion of Ukraine and soaring fuel prices have focused attention on who controls energy infrastructure and sources of supply.
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