Centrica brings in Orrick on Venture bid

Orrick Herrington & Sutcliffe and Slaughter and May are advising as talks continue between Centrica and North Sea gas producer Venture ­Production.

British Gas owner Centrica increased its stake in Venture to 29.9 per cent after Venture rejected an 845p per share hostile takeover bid.

Centrica is reported to be considering making a £1.1bn bid for the rest of the company. Orrick corporate partner Hilary Winter is representing longstanding client Venture, having advised Centrica on buying a 22.3 per cent stake in Venture earlier this year. Panel firm Slaughters ­corporate partners Charles ­Randell and John Papanichola are leading for Centrica.