Centrica to Buy Denmark's Neas Energy for GBP170 Million
April 21 2016 - 3:04AM
Dow Jones News
By Ian Walker
LONDON--Energy supplier Centrica PLC (CNA.LN) said Thursday it
is buying Neas Energy A/S, a Danish energy management company, for
170 million pounds ($243.88 million) in cash.
The British Gas owner said the acquisition is in line with its
strategy to expand its route to market services in Europe, and to
continue to utilize and build its knowledge of European energy
markets.
Based in Aalborg, Denmark, Neas provides customers with route to
market and short-term trading optimization services in six European
countries.
The acquisition is subject to customary European Union
regulatory approvals, and is expected to close around the middle of
2016, Centrica said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
April 21, 2016 02:49 ET (06:49 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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