CK Infrastructure Drops Pursuit of National Grid's LNG Terminal, Bloomberg Says, Citing Sources

Dow Jones
08/13
 

--CK Infrastructure Holdings Ltd. pulled out of the bidding for National Grid PLC's LNG terminal, which is valued at about 2 billion pounds ($2.69 billion), Bloomberg said, citing unnamed sources.

--The Hong Kong-based company was competing with a consortium led by Ontario Municipal Employees Retirement System, or Omers, Bloomberg reported. About twenty parties initially expressed interest in the terminal. It is unclear whether bidders will re-engage, the media company said.

--A CKI investor relations executive declined to comment on specific deals but said the company is not actively bidding. A representative for National Grid declined to comment to Bloomberg, while Omers didn't immediately respond to a request for comment.

--National Grid shares closed 1.2% lower at 10.34 pounds.

 

Full story: https://shorturl.at/W5hNa

 

Write to Nina Kienle at nina.kienle@wsj.com

 

(END) Dow Jones Newswires

August 12, 2025 12:40 ET (16:40 GMT)

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