China Gas says no bid for UK grid

China Daily (USA) - - BUSINESS -

China Gas has never dis­cussed joint bid­ding for ma­jor­ity stake in Na­tional Grid’s gas busi­ness in the United King­dom, ac­cord­ing to state­ment to Hong Kong stock ex­change. The com­pany also has no in­ten­tion to par­tic­i­pate in bid­ding. The Sun­day Times re­ported ear­lier that Fo­sun and China Gas were con­sid­er­ing a joint bid for a ma­jor­ity stake in Na­tional Grid’s 11 bil­lion pounds gas busi­ness.

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