Sunday, Jul 12 2009 by

A place to discuss Centrica's M&A activity


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Centrica plc is an integrated energy company. The Company operates through three segments: International Downstream, International Upstream and Centrica Storage. The Company's International Downstream segment provides residential energy supply, residential services, and business energy supply and services in the United Kingdom, North America and the Republic of Ireland. The International Downstream segment consists of the operations of British Gas, Direct Energy and Bord Gais Energy. The Company's International Upstream segment consists of the operations of Centrica Energy, which is engaged in production, processing, trading and optimization of gas and oil, and also generation, trading and optimization of power from thermal, nuclear and wind sources. The Company's Centrica Storage segment provides gas storage in the United Kingdom. The Company's brands include British Gas, Centrica and Dyno-Rod. more »

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4 Posts on this Thread show/hide all

MrT 12th Jul '09 1 of 4


People close to the situation said Centrica had been left with no option but to go hostile after failing to enter into constructive talks with Venture's management team about an offer. Venture sources claimed, however, that the company had only held limited talks with Centrica about its takeover approach.


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MrT 12th Jul '09 2 of 4

Worth cross-referring to the same topic but from a Venture perspective here: http://www.stockopedia.com/forum/view/28046/venture-endgame

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emptyend 12th Jul '09 3 of 4

See also in the general sector M&A thread from here: http://www.stockopedia.com/forum/view/28067/ma?comment=72#72

Personally I'd think that the outcome of this particular bid battle could be pivotal for sector sentiment...... though if Cntrica have read it right (since they claim their offer will be final) it could yet be a coup for them. IMO I think other deals won't take long to come out of the woodwork.


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Isaac 12th Jul '09 4 of 4

IMO I think other deals won't take long to come out of the woodwork.


Quite amusing you say that. Soco recieved a bid October last year, 9 months on and we have'nt even got an offer. Venture which recieved a bid and now an offer much later then Soco are much closer to the finish line.

These things can drag(on) :-).

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