Belfast Telegraph

Energy group in talks over network sale

German energy group E.ON is in talks to sell its electricity distribution network in the UK for up to £3.5bn.

E.ON is believed to be in advanced negotiations with a group of foreign investors over the deal, which could see a change of hands for Britain's second biggest power grid - providing electricity to more than five million homes. It is thought the bidding consortium comprises sovereign wealth fund the Abu Dhabi Investment Authority, Canadian Pension Plan and Australian Bank Macquarie.