Centrica Deal In Line With Statoil's Strategy To Expand Its International Profile

BMI View: A US$1.6bn transaction between Statoil and Centrica is likely to be accretive for both companies. For Centrica, the deal represents further upstream expansion as well as an opportunity to lock in stable supplies from a reliable producer while for Statoil, the asset sales will liberate cash that can be ploughed into high-risk/high-return

To read the full article, please choose one of the following options: