herald

Wednesday 7 December 2016

Centrica ready for bid

GAS

Bord Gais owner Centrica said it has made preparations in case it is approached with a takeover offer, the utility's chairman said at the company's annual shareholders' meeting in London.

"Do we have, as a matter of just good governance, an approach to dealing with potential takeovers? Absolutely we do," Centrica chairman Rick Haythorn- thwaite (pictured) said.

He declined to give details of whether the company had received any proposals, but said it was the board's obligation to do what is in the best interest of shareholders, adding: "We have to evaluate any approach on that basis."

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