Britain’s largest gas distributor takes new name after splitting from National Grid in £13bn deal
PUBLISHED: 17:20 02 May 2017 | UPDATED: 17:20 02 May 2017
Britain’s largest gas distribution network has marked its independence from former majority stake holder National Grid with a rebrand.
Cadent – formerly National Grid Gas Distribution – will continue to transport gas and provide emergency telephone services for the utilities giant.
The brand change comes after National Grid sold off its majority stake in the company in a £13bn deal. The newly named company is independently-owned by a consortium of investors.
The distributor has more than 500 staff and contractors in East Anglia supplies gas to 4m homes and businesses in East Anglia and the East Midlands. It has a network of depots and offices across the region, including in Norwich, Ipswich and Colchester.
Chris Rison, head of operations for Cadent’s network in the east of England, said its “day to day role” would remain the same but new branding would be phased in on vehicles and uniforms over the next year.