Photo: Shutterstock.com US and UK Heavyweights Take Roles on £7.8B National Grid Deal
Four firms have won roles on the deal which will see the FTSE 100 energy business acquire Western Power Distribution.
March 18, 2021 at 07:42 AM
2 minute read
Skadden Arps Slate Meagher & Flom, Herbert Smith Freehills, Cravath Swaine & Moore and Ashurst are advising on the £7.8 billion acquisition of U.K. utility business Western Power Distribution (WPD) by rival energy company National Grid in a £7.8 billion deal.
Pennsylvania-headquartered PPL Corporation said on Thursday that it has entered into definitive agreements to sell its U.K. utility business WPD, the U.K.'s largest electricity distribution business, to FTSE 100 U.K. business National Grid.
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