June 17 (Reuters) - Bg Group Plc
* Agreement to sell interest in cats pipeline
* Total proceeds up to £562 million, or approximately $954 million at current exchange rates.
* Bg group will sell its 62.78% interest in cats for a consideration comprising £523 million
* Sale does not impact bg group’s rights to capacity in cats
* Anticipated transaction will close in second half of 2014
* Sale of cats is expected, on completion, to create a post-tax profit on disposal of approximately $700 million Source text for Eikon: Further company coverage: