Imperial Continental Gas Association

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Imperial Continental Gas plc
Industry Gas
Fate Broke up into Calor Gas and Contibel
Successors Calor Group
Tractebel
Founded 1824
Defunct 1987
Headquarters London, UK

Imperial Continental Gas Association plc was a leading British gas utility operating in various cities in Continental Europe . It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

History[edit]

The Company was formed by Sir Moses Montefiore[1] and some of his colleagues based in London in 1824 as the Imperial Continental Gas Association to establish gas utilities in other counties.[2] It commenced operations distributing gas in Hannover in 1825 and providing gas lighting in Berlin in 1826 under the supervision of the Prussian Count Eduard of Dyhrn-Waldenburg-Schoenau. [3] During the course of the 19th century it established gas works in Antwerp, Brussels, Berlin and Vienna.[4] Its operations in Vienna began in the mid-1840s; the head office from 1883 to 1902 was at the Palais Epstein.[5]

The noted philanthropist Goodwin Newton of Barrells Hall, and Glencripesdale Estate was Director and Chairman for a long period in the late nineteenth century.

It established the Westergasfabriek gas works in Amsterdam in 1883.[6]

In 1928 it established Distrigas, the main gas distributor in Belgium, which is now owned by Eni.[7] During World War I its operations in Berlin were nationalised by the German Government.[8]

In 1969 the Company acquired all the shares in Calor Group that it did not already own.[9]

In 1986 it rejected a bid from Gulf Resources & Chemical Corporation, a company controlled by the Barclay brothers.[10] Instead in 1987 it broke itself up into Calor Group (now owned by SHV) and Contibel (now owned by Tractebel).[11]

References[edit]