Centrica Buys Direct Energy for $54 Million
July 29 2014 - 9:31AM
Dow Jones News
By Ian Walker
LONDON--Energy company Centrica PLC (CNA.LN) said Tuesday its
North American subsidiary, Direct Energy, has bought the U.S.
residential solar business Astrum Solar for $54 million.
Privately held Astrum Solar designs, installs and maintains
solar power generating equipment for use in the home. It has about
4,000 customers, predominantly in northeast U.S. and California,
and in 2014 is expected to generate about $40 million of
revenue.
Shares at 1255 GMT up 0.16% at 316 pence in a higher FTSE 100
Index--up 0.54%.
Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Centrica (LSE:CNA)
Historical Stock Chart
From Apr 2024 to May 2024
Centrica (LSE:CNA)
Historical Stock Chart
From May 2023 to May 2024