Market Chatter: CK Infrastructure Drops Pursuit of National Grid's UK LNG Facility

MT Newswires Live

Aug 12

Hong Kong's CK Infrastructure Holdings has dropped out of the bidding race for National Grid's (NGG) Grain liquefied natural gas terminal in the UK, valued at about 2 billion British pounds ($2.69 billion), Bloomberg News reported Tuesday, citing a source familiar with the matter.

CK was in the process of negotiating final terms of a deal, with a potential deal expected in the coming days, the news outlet recently reported. The firm was competing with a group led by Ontario Municipal Employees Retirement System, according to the Tuesday report.

National Grid and CK didn't immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The firm was competing with a group led by Ontario Municipal Employees Retirement System, according to the Tuesday report.</p><p>National Grid and CK didn't immediately respond to MT Newswires' requests for comments.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4208","symbol_name":"复合型公用事业","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2558641588","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558641588","pubTimestamp":1754997908,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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