July 31, 2019

Centrica is completing a transformation towards being an international energy services and solutions provider by exiting oil and gas production. The firm, which is the UK’s largest supplier of domestic gas, has a 69% stake in Spirit Energy which they intend to sell off by the end of 2020.

The decision is part of its plans to move to a lower-carbon energy mix and proceeds from the sale would be used to reduce debt.

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