National Grid has set out plans to invest £60 billion over the next five years to upgrade its networks in the UK and US. It will raise an initial £7 billion from its shareholders through a fully underwritten rights issue – the largest rights issue in Europe for 15 years outside the banking sector. The remaining investment will be raised from borrowing and by offloading assets and parts of the business.
National Grid to tap up investors and offload assets to fund £60bn plans
