Centrica and Stadtwerke Muenchen Solicit Buyers for Stakes in Spirit Energy

Updated 1 year 1 month ago

Centrica and Stadtwerke Muenchen (SWM) have launched the sale of Spirit Energy according to documents sent to prospective buyers and seen by Reuters. Centrica said it was preparing to sell its controlling stake in Spirit in July, and SWM was reported to consider selling their interest in August. The document says Centrica is selling their stake while SWM with evaluate proposals.

In July 2020, Centrica said it remains committed to this sale when commodity and financial markets have settled.