A pack of powerful investors vying to buy National Grid’s Â£10bn network of gas pipes is attempting to lure the chairman of Britain’s biggest construction company to spearhead its bid. The consortium of Canadian, British and Middle Eastern investors is understood to have approached the energy industry veteran Philip Aiken as rivals jockey for position ahead of a deadline later this month. Aiken, an Australian engineer, chairs Balfour Beatty and the software company Aveva. He was on the National Grid board until last year. National Grid’s auction, revealed by The Sunday Times in November, promises to be the biggest UK infrastructure deal of the year. It will also be one of the first big tests of foreign demand for British utility assets since the vote to leave the EU. Bidders have been forming in two huge groups for the blockbuster sale, with first- round offers due at the end of the month.
Sunday Times 4th Sept 2016 read more »