BG Group agrees to sell its interest in Seabank Power Limited

  • BG Group agrees to sell its interest in Seabank Power Limited

    BG Group agrees to sell its interest in Seabank Power Limited

    Thursday, 29th April 2010
    BG Group announced that it has signed a Sale and Purchase Agreement with Electricity First Limited, a wholly owned subsidiary of Cheung Kong Infrastructure Holdings Limited, for the sale of its 50% interest in Seabank Power Limited for a total consideration of £211.7 million (approximately $320 million).