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BG Group sells interest in Seabank Power

By BFN News | 02:23 PM | Wednesday 28 April, 2010


BG Group is selling its 50% interest in Seabank Power to Electricity First - a wholly-owned subsidiary of Cheung Kong Infrastructure Holdings - for £211.7m. Seabank Power Limited operates a 1,140 MW combined-cycle gas turbine power plant near Bristol. The transaction is expected to complete in second quarter 2010. Story provided by Business Financial Newswire

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