The cost to nationalise, The National Grid.

The UK’s national electricity network is owned and run by National Grid.

www.nationalgrid.com

HM Opposition (the Labour party) are proposing it is nationalised if they win the UK general election.

What would it cost for the UK Government to buy back National Grid from the investors who own it today ?

Share Price is about £10 a share.

Total voting rights

http://otp.investis.com/clients/uk/national_grid/rns/regulatory-story.aspx?cid=374&newsid=868275

3,753,238,483  are the shares in circulation

Thus:

3,753,238,483 x £10 = £37,532,384,830

That is £37 Billion pounds which is just about the UK’s current annual defence budget.

Also, if the UK Government bought National Grid, it has to take on it’s debt.

That debt is over £25bn.
So, potentially spends £37bn to buy it and needs to cover the £25bn of debt.

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