Published Date:
26 October 2009
CENTRICA is reportedly poised for the near-£400 million sale of half its stake in the world's largest wind farm.
The British Gas-owning company is said to be in negotiations with an infrastructure fund about the stake in the Lynn and Inner Dowsing wind farm off the Lincolnshire coast.
The deal is part of a programme of asset sales being undertaken by chief executive Sam Laidlaw to fund investments in gas storage projects, new nuclear plants and other offshore wind farms.
Centrica is expected to get about £90m for the equity stake, plus £300m from a debt syndicate pulled together by Bank of Tokyo-Mitsubishi.
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Last Updated:
25 October 2009 8:26 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Alternative energy sources
