NRG Energy – A Surprising Yet Interesting Purchase (NYSE:NRG)

Wednesday, 29 July 2020, 11:20:00
NRG Energy has seen quite a turbulent history with M&A on both the buy and sell-side. After ”recent” divestments and current uncertainty, the company announced a massive acquisition which comes as quite a surprise.
— Seeking Alpha

Deal doldrums? Not this week as Latham, Cravath, others advise on NRG’s $3.6b Direct Energy buy

Saturday, 25 July 2020, 01:12:19
Latham & Watkins and Baker Botts advised U.S. integrated power company NRG Energy on its $3.63 billion bid to buy Centrica Plc’s North American subsidiary Direct Energy, the firms said on Friday, capping a week of multibillion-dollar deal announcements reminiscent of pre-pandemic days.
— Reuters

Great British sell-off: Crisis-hit firms forced to slim down

Friday, 24 July 2020, 22:50:46
Centrica, the owner of British Gas, will dispose of its US energy arm to local firm NRG Energy for £2.85billion. Vodafone is plotting to float its European masts business in Frankfurt next year.
— Daily Mail Online

British Gas owner Centrica sells US supplier in £2.9bn deal

Friday, 24 July 2020, 15:47:24
Centrica, which owns British Gas, Scottish Gas and Bord Gais Energy, is selling its North American energy supply business for US$3.6 billion (£2.85 billion) to boost its earnings after reporting a slump in profits due to the coronavirus pandemic. The sale of its subsidiary Direct Energy to US integrated power company NRG Energy was announced alongside the company’s half-year
— The Independent

NRG sees Centrica deal adding $740M annual run-rate EBITDA (NYSE:NRG)

Friday, 24 July 2020, 14:55:16
NRG Energy (NYSE:NRG) says its $3.62B acquisition of Direct Energy from Centrica (OTCPK:CPYYF) will add more than 3M residential, commercial and industrial
— Seeking Alpha