LONDON, Oct 25 (Reuters) - Centrica, the acquisitive owner of British Gas, is to raise 400 million pounds ($666 million) to fund expansion after selling half its stake in the world's largest wind farm, The Sunday Times Reports.
The company, which bought oil and gas producer Venture Productions for $2 billion in August, is selling half its stake in the Lynn and Inner Dowsing wind farm off the Lincolnshire coast, the paper reports, without saying where it got the information.
It says the company is raising money for investments in gas storage projects, new nuclear plants and offshore wind farms.
Centrica was not immediately available for a comment.
($1=.6006 POUND)
(Reporting by Ben Deighton; Editing by Diane Craft) Keywords: CENTRICA/SALE (ben.deighton@reuters.com; +44 207 542 7009; ben.deighton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company, which bought oil and gas producer Venture Productions for $2 billion in August, is selling half its stake in the Lynn and Inner Dowsing wind farm off the Lincolnshire coast, the paper reports, without saying where it got the information.
It says the company is raising money for investments in gas storage projects, new nuclear plants and offshore wind farms.
Centrica was not immediately available for a comment.
($1=.6006 POUND)
(Reporting by Ben Deighton; Editing by Diane Craft) Keywords: CENTRICA/SALE (ben.deighton@reuters.com; +44 207 542 7009; ben.deighton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
