Tuesday, 20 September 2011

Dong aims to buy Shell's industrial and commercial gas retail business

A spokesman for the Danish firm told Utility Week it was not true that the acquisition was a done deal but admitted both parties were in negotiations. "If those negotiations are finalised we will issue a stock market statement" he said. That was likely to be "weeks not days" away, he added.

Shell would not comment on the story. The firm currently has an I&C market share of around 10 per cent, making it the UK's fourth largest industrial and commercial gas supplier behind Centrica, Total and Eon.


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