Macquarie (MQG AT) and China's CIC is exploring the sale of their GBP 1bln stake in National Grid (NG/ LN), FT reports

Macquarie (MQG AT) and China's CIC is exploring the sale of their GBP 1bln stake in National Grid (NG/ LN), FT reports.

Macquarie and China Investment Corporation's exploration of a sale of their GBP 1 billion stake in National Grid signals potential changes in ownership for a key asset in the utilities sector. This move could reflect strategic shifts amidst the current market landscape and may provoke interest from other investment firms. Watch for potential impacts on National Grid’s stock price and sector sentiment as investors assess the implications of this potential divestiture.