Imperial Continental Gas Association Explained

Imperial Continental Gas plc
Fate:Broke up into Calor Gas and Contibel
Successor:Calor Group
Tractebel
Foundation:1824
Defunct:1987
Location:London, UK
Industry:Gas

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

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]

Sir William Congreve, 2nd Baronet was general manager from 1824.[6] The noted philanthropist Goodwin Newton of Barrells Hall, and Glencripesdale Estate was Director and Chairman for a long period in the late nineteenth century. In the early twentieth century Sir Henry Birchenough the future president of the British South Africa Company also served as a director of the company.[7]

It established the Westergasfabriek gas works in Amsterdam in 1883.[8]

In 1928 it established Distrigas, the main gas distributor in Belgium, which is now owned by Eni.[9] During World War I its operations in Berlin were nationalised by the German Government.[10]

In 1969 the Company acquired all the shares in Calor Group that it did not already own.[11]

In 1986 it rejected a bid from Gulf Resources & Chemical Corporation, a company controlled by the Barclay brothers.[12] Instead in 1987 it broke itself up into Calor Group (now owned by SHV) and Contibel (now owned by Tractebel).[13]

References

Further reading

Notes and References

  1. http://www.library.utoronto.ca/development/news/halcyon/halcyon_june_2002.pdf Moses Montefiore
  2. http://www.nationalarchives.gov.uk/nra/searches/subjectView.asp?ID=B14580 Imperial Continental Gas Association records 1824 - 1976
  3. Web site: Album presented to Robert W. Wilson by the Imperial Continental Gas Association 1922 . 14 February 2009 . 6 July 2011 . https://web.archive.org/web/20110706132520/http://www.antiqbook.be/boox/goe/29206.shtml . dead .
  4. http://www.helsinki.fi/iehc2006/papers3/Kooij.pdf Where the action is: The Introduction and Acceptance of Infrastructure Innovations in Dutch Cities 1850-1950
  5. http://www.parlament.gv.at/PALAIS_EPSTEIN_ENGLISH/GE/show.psp?P_TEXT=3 Palais Epstein
  6. President's Address . Transactions of the Norfolk and Norwich Naturalists' Society . 1919 . X . 5 . 407 .
  7. Volume 1 Tariff Commission Report, Steel industry and trade – England; Textile industry and fabrics, London, 1904
  8. http://www.westergasfabriek.nl/english/engels_history.php Westergasfabriek
  9. https://web.archive.org/web/20110604012523/http://www.forbes.com/feeds/afx/2008/06/26/afx5155914.html Publigas, Eni reach agreement on Distrigas sale
  10. https://api.parliament.uk/historic-hansard/commons/1918/may/06/imperial-continental-gas-association Hansard
  11. http://www.competition-commission.org.uk/rep_pub/reports/1981/fulltext/132c06.pdf Competition Commission Report 1981
  12. https://query.nytimes.com/gst/fullpage.html?res=9A0DE2D6173BF930A15753C1A960948260 Imperial Gas
  13. Web site: Gulf Resources & Chemical Corporation . 14 February 2009 . 1 February 2016 . https://web.archive.org/web/20160201112025/http://cpansearch.perl.org/src/KWILLIAMS/reuters-21578/training/5965 . dead .