The former boss of Centrica is considering a £7 billion stock market float of his oil and gas empire that would create a new FTSE 100 company — but would test investors’ appetite for another big energy stock amid pressure over carbon emissions. Neptune Energy, chaired by Sam Laidlaw, is close to appointing the Wall Street bank JP Morgan to explore a listing or sale to a rival. Neptune, founded in 2015 by Laidlaw, 65, with backing from the private equity giants Carlyle and CVC, has grown by buying assets such as North Sea gas fields from bigger operators, and now produces 12 per cent of the UK’s gas supply. State-owned China Investment Corporation owns 49 per cent of Neptune.
Times 23rd May 2021 read more »