-- Energy major Shell is in talks with Octopus Energy to divest Shell Energy Retail, Sky News reports.

-- Other parties are still in play to buy the unit, and Octopus Energy isn't in formal exclusivity, Sky News reports citing sources, adding that Shell anticipates signing a sales agreement in the autumn.

-- If completed, the deal would take the number of U.K. homes supplied by Octopus Energy to about 6.5 million, according to Sky News.

Full story: https://tinyurl.com/2dusm3nz

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

August 25, 2023 07:07 ET (11:07 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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