UK-based utility giant Centrica said it is open to considering reducing its stake in Spirit Energy from 69% to under 50% “if the right value-creating opportunity came along.” The Spirit Energy JV was formed as the result of the $445.2 million combination of Centrica’s upstream business with the E&P business of Germany’s Stadtwerke Munchen (SWM)-controlled Bayerngas Norge last year in a deal that created Europe’s largest independent producer. The JV is 69% owned by......
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