November 20, 2017 / 9:54 AM / a year ago

Centrica not considering retail arm spin-off

LONDON (Reuters) - British utility Centrica (CNA.L) is not considering a spin-off of its British retail energy arm, CEO Iain Conn said on Monday.

“We believe we can have an attractive energy business in the UK,” Conn said on a conference call.

Rivals SSE (SSE.L) and Innogy (IGY.DE) this month announced plans to merge and list their British retail units in a separate joint venture.

Reporting by Susanna Twidale; editing by Jason Neely

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