SPECULATORS warmed to Centrica yesterday on suggestions the oil-rich Gulf state of Qatar could buy into the British Gas owner.
The Qatar Investment Authority, which has bought large chunks of UK companies such as Sainsbury’s and the London Stock Exchange, is tipped to take a stake in the energy giant to build on the recent £2billion liquefied natural gas deal between Centrica, up 8p to 330fp, and Qatargas.
Broker Investec said: “The strategic alliance is likely to be expanded, and it would not surprise us to see a direct investment in Centrica from the Qatari Investment Authority or a similar body.” Dealers were more sceptical of another tale doing the rounds, that Centrica could be on the radar of Iberdrola, the Spanish owner of ScottishPower.
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