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 PLC

09 February 2026

9 February 2026

Centrica plc

('Centrica' or 'the Company')

Centrica Announces Sale of European Energy Solutions Businesses and Panoramic Power

Centrica announces that it has completed the disposal of a number of non-core energy solutions businesses. The energy solutions businesses in Italy and the Netherlands have been sold to Joulz, a 3i Infrastructure portfolio company, and the Hungarian business has been disposed of via a management buyout. The Company has also finalised the sale of Panoramic Power. Total proceeds from the transactions are over £80 million.

Chris O'Shea, Group Chief Executive of Centrica, said: "These transactions reflect a strategic decision to focus our resources on Centrica Business's core growth and innovation priorities which will better position the business to pursue new opportunities and accelerate growth in key markets.

"Building on our recent sales from Spirit Energy, these transactions demonstrate Centrica's commitment to recycling capital from non-core assets into new investment opportunities across the group, including long-term regulated and contracted assets such as Sizewell C and Grain LNG."

ENDS

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Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

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