SSE has agreed to sell its 33.3% stake in gas distribution operator Scotia Gas Networks (SGN) for £1,225 million. The deal – which sees the stake sold to a consortium comprising Ontario Teachers’ Pension Plan Board and Brookfield Super-Core Infrastructure Partners – concludes SSE’s £2 billion plus disposals programme. Announced in 2020, this has now achieved total proceeds of over £2.7 billion, with SSE stating it has intensified its strategic focus on its core low-carbon electricity business and the transition to net zero. Specifically, the company is focusing on developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero, with its strategic focus being on renewables and regulated electricity networks, businesses with strong, net zero-aligned growth potential and the operation of world-class, highly technical electricity assets.
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