Deals
CKI Nears Deal for National Grid’s £2 Billion LNG Terminal
The Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain near Rochester, UK.
Photographer: Chris Ratcliffe/BloombergCK Infrastructure Holdings Ltd. has emerged as the lead bidder for a UK liquefied natural gas terminal valued at about £2 billion ($2.7 billion), according to people familiar with the matter.
The Hong Kong-based company is negotiating final terms of a deal for National Grid Plc’s Grain LNG facility and could reach an agreement as soon as the coming days, the people said, asking not to be identified because the information is private. CKI was competing with a consortium led by Ontario Municipal Employees Retirement System.