Crisil to sell 90% stake of UK arm

Crisil has announced 90% sale of its stake from its United Kingdom-based subsidiary, Gas Strategies Group (GSG).The stake is being sold to the management team of the company.

GSG provides consulting, training and information services for the international gas and LNG business  Crisil had acquired GSG in 2003.

The revenues of GSG come 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 regions like Africa, Middle East and South East Asia.