Centrica Secures a Controlling Venture Stake

Summary


BRITISH Gas owner Centrica has secured a breakthrough in its Pounds 1.3 billion takeover battle for North Sea oil and gas firm Venture Production.

The utility giant has amassed a controlling stake after purchasing 12.6 million shares in morning trading to lift its holding by 8.4 per cent to 40.1 per cent.

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Extract


Centrica Secures a Controlling Venture Stake

With acceptances from other shareholders f...

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