SSE In Talks With Ovo Group About Sale of Energy Services Business
August 12 2019 - 2:44AM
Dow Jones News
By Oliver Griffin
SSE PLC (SSE.LN) on Monday said it is in discussions with Ovo
Group concerning the possible sale of its energy-services
business.
The energy company, responding to recent media speculation, said
talks are continuing but that no final decisions have been made,
nor agreements met regarding the terms of any potential
transaction.
Previously, the company had sought to merge SSE Energy Services
and Npower, the U.K. retail division of Innogy SE (IGY.XE).
However, the deal was terminated in December after SSE and Innogy
failed to reach a deal.
SSE said it is focused on securing the best long-term future for
the business, its customers and employees, and for its
shareholders.
More updates will be provided as needed, the company said.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
August 12, 2019 02:29 ET (06:29 GMT)
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