Centrica completes Luminus transaction

Centrica plc has today announced that the purchase of a 50 per cent share in Luminus N.V., a newly created energy supply business in Belgium, for a consideration of £52 million (Euro 85 million) completed on 28th September 2001.

The joint venture has been established with a consortium of five Flemish municipal utilities (“intercommunales”) led by Interelectra and WVEM. The consortium has 600,000 customers.

The transaction, announced on 29 June, represents Centrica’s first step into the liberalising energy markets of Continental Europe.