SSEZY SSE PLC (PK)

   By Ian Walker 
 

The U.K. Competition and Markets Authority said Thursday that it was considering whether the sale of SSE PLC's (SSE.LN) energy-services business to Ovo Group Ltd. would lead to a "merger situation" under the Enterprise Act, and is seeking comments from interested parties.

The regulator said it is considering whether the deal, if completed, would lessen competition within the U.K. for goods or services.

It is seeking comments by Nov. 6 and will then decide whether the deal will be probed.

SSE said on Sept. 6 that it was selling the energy-services business to OVO Group for 500 million pounds ($643.9 million). At the time SSE said it expected to complete the deal either late 2019 or early 2020, subject to necessary regulatory approvals.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

October 24, 2019 02:47 ET (06:47 GMT)

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