(Bloomberg) — Centrica Plc is selling its North American energy business in a $3.6 billion deal as Britain’s largest household energy supplier seeks to focus on its home market. Its stock rose by a record.The sale of Direct Energy to NRG Energy Inc. is a decisive move by new Chief Executive Officer Chris O’Shea as he seeks to convince investors he can turn the company around after it was demoted from the FTSE-100 U.K. benchmark stock index after 33 years. O’Shea is building on a restructuring announced last month to create a more simple business.Read more about the Centrica’s restructuring …read more
Source:: Yahoo Finance
