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PINT PLC invests in UK-regulated gas transmission network & metering business

Pantheon Infrastructure (PINT), a listed global infrastructure fund, has agreed to invest approximately GBP40 million alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60 per cent stake in the UK gas transmission and metering business of National Grid.

The business owns and operates the UK’s regulated national gas transmission system and an independent gas metering business. The 7,660-kilometre transmission system plays a critical role in the UK energy landscape, transporting the gas needed to heat homes and power industry and electricity generation. The consortium intends to support the UK Government’s commitment toward Net Zero by 2050 by facilitating the shift toward low carbon heating.
The investment is in line with PINT’s stated strategy of building a diversified portfolio of global infrastructure assets. Specifically, the investment is in the regulated utilities sector, which is attractive given the high visibility of stable and inflation-linked cash flows, as well as growth opportunities available with the transition toward Net Zero.

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