SSE in Talks With Innogy to Create New Britain-Focused Energy Supply Company
November 07 2017 - 10:11AM
Dow Jones News
By Oliver Griffin
SSE PLC (SSE.LN) said on Tuesday that it was in talks with
Innogy SE (IGY.XE) in regards to combining their Great
Britain-based energy supply businesses.
The new independent company would combine SSE's household energy
and services unit with Innogy's household and business energy
unit.
SSE said that discussions were continuing and well-advanced, but
added that no final decisions, or binding agreements, had been
made. In the event that the deal goes ahead, the new combined
business would be listed and SSE would demerge its shares to its
shareholders.
SSE said it was mindful of the requirements of customers and the
concerns of employees, and said it will disclose the outcome of the
discussions as soon as they are concluded.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
November 07, 2017 09:56 ET (14:56 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
SSE (PK) (USOTC:SSEZY)
Historical Stock Chart
From Aug 2024 to Sep 2024
SSE (PK) (USOTC:SSEZY)
Historical Stock Chart
From Sep 2023 to Sep 2024
