Slaughter and May advised Centrica plc on the sale of its operational Langage and South Humber Bank combined cycle gas turbine (CCGT) power stations with a combined capacity of 2.3GW to a subsidiary of Energeticky a prumyslovy holding, a. s. (EPH) for £318 million in cash (subject to customary working capital and other completion adjustments).

The transaction is subject to EU merger clearance and is expected to complete during the second half of 2017.
Contacts

Corporate: Tim Pharoah (partner), James Odom (associate), Oliver Gratton (associate)

Projects: Richard Todd (partner), Tom Inker (associate), Rory Botros (associate), Bronwen Hutchison (associate)

Anti-trust and regulatory: Jordan Ellison (partner), Emma Waterhouse (associate)

Employment and Pensions: Sandeep Maudgil (partner), Lucy Duane (associate)

Intellectual Property: Duncan Blaikie (partner), Nikhil Shah (associate)

Real Estate/Environment: Sam Brady (senior counsel)

Tax: Gareth Miles (partner), Owen Williams (associate)