National Grid is expected to choose a preferred bidder for its £11bn gas pipe network this week, in what will be viewed as a test case of the Government’s attitude towards Chinese investment in critical infrastructure. A consortium led by the Australian investment bank Macquarie is seen as the frontrunner in the auction, which has been bubbling under for at least a year. Although its bid involves money, from the China Investment Corporation, insiders said it was likely to be seen as at relatively low risk of being scuppered by Government security fears. Other bids on the table are led by Chinese investors, including one headed by the highly acquisitive conglomerate Fosun, and China Resources Gas Group, a state-owned business.
Telegraph 3rd Dec 2016 read more »