Centrica To Acquire 20% Of Brit. Energy for 2.9B GBP

Centrica , a UK based energy company, signed an agreement for the acquisition of a 20% stake in British Energy Group, a nuclear energy company, from Electricite de France for 2.9 billion GBP. Centrica's financial advisers included Goldman Sachs, Credit Suisse and UBS; while British Energy was advised by Bank of America, Merrill Lynch and Citigroup. The deal is expected to close in the third quarter of 2009.