Photographer: Chris Ratcliffe/Bloomberg

National Grid Said to Start Auction for U.K. Gas Network Stake

  • Sale could value regional gas assets at over 10 billion pounds
  • Canadian pension group, Allianz consortium show interest

National Grid Plc, the U.K. electricity and natural gas network operator, has started an auction to sell a controlling stake in its domestic gas network that could value the business at more than 10 billion pounds ($13.3 billion), people with knowledge of the matter said.

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