A&O closes £316m Centrica deal
Firm takes energy giant from under noses of City firms advising on acquisition of DSL and Dopul
November 27, 2002 at 07:03 PM
2 minute read
Allen & Overy (A&O) has prised Centrica away from its usual advisers and closed a £316m deal for the energy giant – its first M&A transaction for the new client.
Centrica was traditionally advised by a plethora of top City firms including Linklaters, Ashurst Morris Crisp, Mayer Brown Rowe & Maw, Herbert Smith and DLA.
A&O caught Centrica's eye when it advised BG in October last year on its £421m sale of BG Storage to Dynergy and then represented BG on a deal to buy offshore natural gas from Cairn Energy in India.
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