Executive Summary
BG Group (LON: BG) is a global natural gas business. It is involved in oil and gas exploration and production, purchasing and selling Liquidied Natural Gas, the transmission and distribution of gas, and power generation through the operation of gas-fired power stations. Headquartered in the UK, BG Groups has interests in 27 countries over five continents. In 2009, the company earned revenue of £10,213m, and a profit of £3,773m. The company recently announced the sale of its Premier Power Ltd. business to AES Ballylumford Holdings Ltd. for a price of £99m.
Company History
- In August 1986, Privatisation of British Gas Corporation by the UKGovernment. All assets transferred to BritishGas plc, shares first traded in December.
- 1997 - In February 1997 the shareholders of British Gas plc approved the demerger of Centrica plc. British Gas plc was renamed BG plc.
- 1999 - In December 1999 BG plc completed a financial restructuring which resulted in the creation of a new parent company, BG Group plc.
- 2000 - In October 2000 BG Group plc completed the demerger of Lattice Group plc creating two separate companies.
- 2002 - In October 2002 Lattice Group plc merged with National Grid to form National Grid Transco.
- 2005 - In July 2005 National Grid Transco plc was renamed National Grid plc to provide a unifying identity across its operations.
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