Connaught sells gas and electric services division to Centrica
Clients Connaught Compliance Limited
Jones Day assisted Connaught Compliance, the trading division of Connaught Group plc, with the sale of its gas and electricity services businesses to a subsidiary of Centrica plc, the parent company of British Gas. The acquisition, for a consideration of £11.2 million, will result in the transfer of approximately 600 workers including approximately 400 gas and electricity engineers and in excess of 20,000 customer contracts, mainly in the private sector. The sale also includes Connaught's training academy in South Wales.