British Gas, the utility company owned by FTSE 100 firm Centrica, has purchased a small stake in German broadband services group Power Plus Communications in an effort to bolster its roll-out of smart meters across the UK.

In an announcement on Wednesday morning, Centrica said that the division had invested EUR4.5 in cash in return for a ‘minority shareholding’ in the German business – the exact size of the interest was not revealed.

via Ifa Magazine • British Gas strengthens smart meter roll-out.

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