Centrica announces divestments

Summary by AI BETAClose X

Centrica plc has announced the completion of the disposal of several non-core energy solutions businesses, including its Italian and Dutch operations to Joulz and its Hungarian business via a management buyout, alongside the sale of Panoramic Power, generating total proceeds exceeding £80 million. This strategic divestment allows Centrica to focus resources on its core growth and innovation priorities within Centrica Business, recycling capital from non-core assets into new investment opportunities such as Sizewell C and Grain LNG.

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Centrica (CNA)
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