Slaughter and May advised Centrica plc on a placing of approximately 7% of its existing issued share capital, which raised gross proceeds of approximately £700 million (the Placing). The Placing, which was announced on 5 May 2016, was conducted by an accelerated book-building process. Goldman Sachs International and UBS Limited acted as joint bookrunners in connection with the Placing.

Slaughter and May worked as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, who advised Centrica plc on the US law aspects of the Placing.
Contacts

Corporate: John Papanichola (partner), Yvonne Lee (associate), Duncan Mykura (associate), Kesten Laverty (trainee); Tax: Gareth Miles (partner), James Hume (associate)