Centrica hires JPMorgan to advise on potential tie-up with Engie - Sunday Times
Centrica is believed to have engaged JPMorgan to advise on options regarding a potential deal with the gas and oil production unit of France-based Engie, The Sunday Times reported. UK-based Centrica, which owns British Gas, and state-backed Engie have entered early-stage negotiations on a tie-up which might take the form of a joint venture, the unsourced report said.
Centrica and Engie jointly own the Cygnus gasfield in the North Sea, the report said, noting that a number of North Sea players are discussing merger deals in an attempt to reduce their costs.
Sunday Times