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Centrica is preparing a EUR 1 billion-plus bid for Northern Ireland’s biggest power company, Viridian, according to reports from the Financial Times and Bloomberg.
Viridian’s current owner, the Bahrain company Arcapita, is believed to have set a deadline of today for first round bids.
Viridian suppliers 610,000 homes and businesses with power in Northern Ireland and owns and gas and wind generation assets.
The Financial Times reported this morning that Centrica was expected to bid alone for the company, but might invite consortium partners to join at a later date to take on the generation side of the business.
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