Centrica ‘simplifying’ Spirit Energy sales process

  • Date: 22-Jul-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
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Centrica ‘simplifying’ Spirit Energy sales process

Utilities firm Centrica said today that it was simplifying the sales process for its upstream exploration and production (E&P) business, Spirit Energy.

London-listed Centrica, which owns British Gas, said the joint-venture structure of Spirit had limited the number of parties interested in buying the company.

The uncertain backdrop created by the Covid-19 pandemic also put a crimp on the marketing push.