Centrica to acquire Neas Energy

Centrica plc has agreed to acquire Neas Energy A/S (Neas), one of Europe’s leading providers of energy management and revenue optimisation services for decentralised third-party owned assets, for DKK1.6 billion in cash plus adjustments for cash and net working capital.

The acquisition is in line with Centrica’s strategy to expand its route to market services in Europe, and to continue to utilise and build its knowledge of European energy markets in order to benefit from trading and optimisation activity.

Horten has assisted Centrica with transaction support on all legal matters.

contacts

Søren Hornbæk Svendsen

Partner

Thomas Francis Beckett

Partner