IN BRIEF: Centrica Completes USD3.63 Billion Sale Of Direct Energy

Centrica PLC - Windsor-based energy supplier - Completes the USD3.63 billion sale of its North ...

Alliance News 5 January, 2021 | 8:07PM
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Centrica PLC - Windsor-based energy supplier - Completes the USD3.63 billion sale of its North American energy supply, services and trading business Direct Energy to NRG Energy Inc.

"Direct Energy has been an important part of Centrica for over 20 years. This sale is an important step in the turnaround of Centrica, allowing us to materially strengthen our balance sheet and become a more focused energy services and solutions company," says Centrica Chief Executive Chris O'Shea.

Current stock price: 47.79 pence

Year-to-date change: up 2.6%

By Ife Taiwo; ifetaiwo@alliancenews.com

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