Centrica: EC To Assess Venture Prodn Bid, Review By Aug 26
July 23 2009 - 2:53AM
Dow Jones News
Centrica PLC (CNA.LN) said Thursday it has received confirmation
from the European Commission that the proposed acquisition of
Venture Production PLC (VPC.LN) will be assessed by the Commission
under the EC Merger Regulation and it has lodged its formal
notification with the Commission.
MAIN FACTS:
-Centrica Resources, a wholly-owned subsidiary of Centrica,
expects that the European Commission merger review process will be
concluded by Aug. 26 in accordance with the European Commission's
prescribed timetable.
-Offer for Venture initially remains open until 1200 GMT Aug.
13.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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