Crisil to sell 90 per cent stake in UK subsidiary

Rating agency Crisil has announced a sale of a 90 per cent stake in its United Kingdom-based subsidiary, Gas Strategies Group (GSG), to the company’s management team.

GSG provides consulting, training and information services for international gas and LNG businesses. Crisil had acquired GSG in 2003.GSG earns revenues predominantly from Europe.

The sale of GSG follows a review of Crisil’s strategy in the infrastructure advisory business, said a company release. Crisil’s infrastructure advisory business will now focus on opportunities in India and other emerging markets.

Crisil Infrastructure Advisory is active in Africa, West Asia and South-East Asia.