Centrica ‘simplifying’ Spirit Energy sales process
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.