Centrica Sells Two Power Stations For GBP318 Million

Features Dow Jones Newswires

U.K. gas and electricity supplier Centrica PLC (CNA.LN) Wednesday said it has agreed to sell two gas power stations in England to EP U.K. Investments Ltd, part of the Czech energy company Energeticky a prumyslovy holding, a.s., for 318 million pounds ($400.7 million) in cash.

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The sale of the power stations, in Langage and South Humber Bank, is "consistent with Centrica's strategy to shift investment towards its customer facing businesses," the company said.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

June 21, 2017 02:23 ET (06:23 GMT)