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BRIEF-BG sells UK CATS gas pipeline stake to infrastructure fund
June 17, 2014 / 6:17 AM / 3 years ago

BRIEF-BG sells UK CATS gas pipeline stake to infrastructure fund

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:

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