The former boss of Centrica, Sam Laidlaw, is closing in on a blockbuster takeover of one of the largest operators in the North Sea. The company employs more than 20,000 workers in Britain and operates a network of power stations on these shores. Its oil division owns licences to 16 North Sea fields including Cygnus, one of the UK’s biggest sources of natural gas. Engie has hired Bank of America Merrill Lynch and Goldman Sachs to handle the sale. It is understood that Neptune Oil &…

Source: The Times November 19, 2016 23:59 UTC