Centrica Buys 33 Million Shares Of Venture Production, Mulls Bid
March 18 2009 - 7:50AM
Dow Jones News
Centrica said Wednesday that its wholly owned subsidiary,
Centrica Resources (U.K.), has acquired 33,016,611 ordinary shares
of Venture Production (22%) for 725 pence per share, or GBP239.4
million in total.
Centrica also said it's considering its options in relation to
Venture, which could include making a possible cash offer for
Venture.
Centrica, together with its concert parties, now holds a total
of 33,445,180 ordinary shares of Venture (22.3%).
Centrica, through its broker, Goldman Sachs International, may
acquire further shares in Venture.
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