Centrica and DCC have reached agreement on the sale of Centrica's LPG business.
DCC has acquired Centrica's liquefied petroleum gas (LPG) business, British Gas LPG, for about €64.5 million in cash.
DCC is one of the leading companies in the LPG market in Britain and Ireland, operating under the Flogas and Alta Gas brands. Today's acquisition will double DCC's share of the British market to 21 per cent, making it the second-biggest LPG company in Britain.
In 2001, British Gas LPG generated operating profits of £2.3 million sterling on turnover of £54.1 million.