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2: The 'national' grid

The National Grid provides part of Britain’s fundamental and essential strategic industrial infrastructure. Yet its ownership and management rests largely with foreign investors whose first loyalty is to their shareholders.

After privatisation the National Grid was systematically fragmented to become a stand-alone privatised utility. Sold on and sold-off eventually National Grid plc has a major presence in the USA.

Its current shareholder base includes Macquarie Infrastructure (Australian and Chinese banking interests); Allianz Capital (the preferred insurers of the Nazis); Hermes Investment (based upon the BT pension scheme); Qatar Investment (National Wealth Bank of Qatar); and Dalmore Capital (huge private public partnership private equity investors).

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