Deals
Centrica Said Close to Buying U.K. Shale From Cuadrilla
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Centrica Plc is close to buying a stake in shale gas fields in England, a person with knowledge of the matter said, placing the U.K.’s largest energy supplier at the center of efforts to start producing the fuel.
Centrica is in the final stages of negotiations to buy a share in Cuadrilla Resources Ltd.’s licenses in northwest England, the person said, declining to be identified or discuss the terms before a deal is signed. Cuadrilla CEO Francis Egan said by phone he couldn’t comment. Centrica declined to comment.