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 in four segments: British Gas, Centrica Energy, Centrica Storage and Direct Energy. The Company generates power through its wind farms, nuclear and gas-fired power stations. It provides central heating, boiler and cooling maintenance and breakdown cover products. It also supplies energy to homes and businesses in the United Kingdom and North America. The Company has estimated proven and probable (2P) gas and liquids reserves in Europe, North America and Trinidad and Tobago. The principal fields in Centrica Energy are the Kvitebjorn, South Morecambe, Cygnus, Statfjord, Valemon, Chiswick, NCMA Poinsettia, York, Maria, Rhyl and Grove fields. The principal field in Centrica Storage is the Rough field. The principal fields in Direct Energy are the Foothills, Medicine Hat, Carrot Creek and Central Alberta fields located in the province of Alberta, Canada. 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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