SSEZY SSE PLC (PK)

By Dimitrios Kontos

SSE PLC (SSE.LN) said Thursday that it is assessing potential changes to the commercial terms of the proposed merger between its household-energy and services unit SSE Energy Services and Npower, and it is likely the merger will be delayed beyond the first quarter of 2019.

The company will provide an update on the progress of discussions by mid-December and it won't provide further comment on in the meantime, it said.

SSE said it has become apparent that some recent market developments mean that the commercial terms associated with the proposed merger will need to be reconsidered.

The U.K. monopoly watchdog gave the green light to the proposed merger between SSE Energy Services and Npower on October 10.

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

(END) Dow Jones Newswires

November 08, 2018 14:08 ET (19:08 GMT)

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