Locale : Global (English)
X
Create document Page
added
Remove
page
Add
page
Review document
/
Page Added
Collected
Pages
Create
Release
02 November 2004

Mott MacDonald advises CKI and United Utilities on purchase of North of England regional gas network

A consortium including Cheung Kong Infrastructure (CKI) and United Utilities has signed a £1.4 billion sale and purchase agreement with NGT Transco for the north of England gas distribution network. Mott MacDonald was engaged by the consortium, on behalf of the financial advisor, to conduct an independent technical and environmental review of the project prior to contract signing in September 2004. This is one of three transactions through which Transco will divest its interest in four out of eight of its UK regional gas networks.

Mott MacDonald’s role focused on identifying and evaluating the technical risks associated with the proposed transaction, together with all technical environmental and regulatory aspects. Prior to the consortium’s bid submission, Mott MacDonald carried out a detailed technical due diligence which included advice on potential performance impacts to be incorporated in the bid financial model and a review of cost projections and practical arrangements for future operation of the network.

Mott MacDonald continues to provide advisory services through a period of financial syndication. Further due diligence is required to finalise the contractual arrangements. Ownership transfer is scheduled for June 2005.

icon-arrow-down-sml icon-arrow-left-lrg icon-arrow-left-sml icon-arrow-right-lrg icon-arrow-right-sml icon-arrow-up-sml icon-champions icon-close icon-download icon-education icon-email icon-grid-view icon-language icon-link-to icon-list-view icon-location icon-login-register icon-minus icon-more icon-phone icon-plus icon-recently-viewed icon-search icon hash key-facts-corner-sash quote-underline social-icon-facebook social-icon-googleplus social-icon-linkedin social-icon-twitter social-share-icon-facebook social-share-icon-facebook social-share-icon-googleplus social-share-icon-googleplus social-share-icon-instagram social-share-icon-instagram social-share-icon-linkedin social-share-icon-linkedin social-share-icon-twitter social-share-icon-twitter social-share-icon-youtube social-share-icon-youtube sina-weibo MM-Shape01-Quote-Views MM-Shape03-Quote-Locations MM-Shape05-Quote-Projects MM-Shape12-Quote-Sectors MM-Shape13-Quote-Expertise MM-Shape14-Quote-About-Us MM-Shape14-Quote-Careers checkmark icon-expand-view icon-apply-now menu sphere icon-cookies icon-legal icon-registered-companies target rotate-screen video-replay-flat video-replay audio-mute audio-play