SSE PLC Statement re: CMA Final Report
October 10 2018 - 2:34AM
Dow Jones News
TIDMSSE
RNS Number : 4901D
SSE PLC
09 October 2018
SSE comments on publication of CMA's Final Report into proposed
GB energy retail merger
SSE plc (SSE) welcomes the Competition and Markets Authority
(CMA)'s publication of its Final Report following the inquiry into
the proposed merger of SSE Energy Services, SSE's household energy
and services business in GB, and Innogy SE (innogy)'s GB retail
business, npower Ltd.
Commenting on the publication, Alistair Phillips-Davies, Chief
Executive of SSE plc, said:
"We are very pleased that the Final Report of the CMA's
investigation confirms its provisional findings that the proposed
merger of SSE Energy Services and npower does not raise any
competition concerns.
"This is a complex transaction and there is still much work to
do in the coming weeks and months. However, we've always believed
that the creation of a new, independent energy and services
retailer has potential to deliver real benefits for customers and
the market as a whole and it is good to see that the CMA has
cleared the transaction following what was a comprehensive and
rigorous inquiry."
ENDS
Enquiries to SSE:
ir@sse.com +44 (0)345 0760 530
media@sse.com +44 (0)345 0760 530
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END
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October 10, 2018 02:19 ET (06:19 GMT)
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