Rumours of Qatari or EDF takeover bid for Centrica
June 6, 2014 1:55 pm
There have been reports circulating today of a rumoured takeover bid by Qatari investors or French energy company EDF on energy giant Centrica (CNA.L).
Reports in the media suggest a group of Qatari investors may have already approached Centrica Shareholders with a stock purchase offer ahead of a cash offer for the company. This comes after Centricas deal last November to import liquified gas from Qatar, a deal which due to run for the next 4 1/2 years.
There has also been speculation that an offer may appear from UK power station partners, EDF.
Centrica (CNA.L) has been under pressure lately amid 2014 profit warnings and the departure of several top company executives. Also the company has recently pledged to put three of its UK gas fired power stations up for sale.
There have been reports circulating today of a rumoured takeover bid by Qatari investors or French energy company EDF on energy giant Centrica (CNA.L).
Reports in the media suggest a group of Qatari investors may have already approached Centrica Shareholders with a stock purchase offer ahead of a cash offer for the company. This comes after Centricas deal last November to import liquified gas from Qatar, a deal which due to run for the next 4 1/2 years.
There has also been speculation that an offer may appear from UK power station partners, EDF.
Centrica (CNA.L) has been under pressure lately amid 2014 profit warnings and the departure of several top company executives. Also the company has recently pledged to put three of its UK gas fired power stations up for sale.