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Centrica PLC's British Gas Division Acquires Equity Stake In Power Plus Communications Gmbh
Centrica PLC announced that its British Gas division has invested EUR4.5 million in cash in return for a minority shareholding in Power Plus Communications Gmbh (Power Plus Communications), a German based technology company that provides broadband powerline technology for smart grid and smart metering applications. Following this transaction, British Gas will also hold a seat on the Board of Power Plus Communications.
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