United Utilities Group PLC
16 November 2009
UNITED UTILITIES ANNOUNCES THE DISPOSAL OF ITS INVESTMENT IN NORTHERN GAS
NETWORKS
United Utilities today announces that it has agreed the disposal of its entire
15 per cent investment in Northern Gas Networks Holdings Limited to the
existing shareholders* for a cash consideration of £85.75 million. Completion
of the transaction is expected by the end of 2009.
United Utilities contacts:
Philip Green, Chief Executive +44 (0)1925 237000
Tim Weller, Chief Financial Officer +44 (0)1925 237000
Gaynor Kenyon, Communications Director +44 (0)7753 622282
Darren Jameson, Head of Investor Relations +44 (0)1925 237033
James Bradley / Tom Murray, Tulchan Communications +44 (0) 20 7353 4200
Notes
*The existing shareholders in Northern Gas Networks Holdings Limited, excluding
United Utilities, are: PG (April) Limited, an indirect wholly-owned subsidiary
of Cheung Kong Infrastructure Holdings Limited; Beta Central Profits Limited, a
wholly-owned subsidiary of Hongkong Electric Holdings Limited; and SAS Trustee
Corporation (managed by RREEF Alternative Investments).
END
UNITED UTILITIES GROUP PLC
