UtilitiesPower & Utilities

SSE confirms it is in talks with Ovo Group over the possible sale of SSE Energy Services

SSE will provide no further comment on the discussions until a conclusion to them has been reached.

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Switching to pompous mode, the company said, "it remains focused on the important work of delivering sector-leading service for its customers".

Utility company SSE PLC (LON:SSE) has confirmed weekend press reports that it talking to Ovo Group about the possible sale of SSE Energy Services.

The group hoisted the “for sale” sign on its energy services business back in May. The division supplies energy and related services to around 5.7mln household customers in Great Britain.

Ovo is the largest independent energy supplier in Britain with more than 1.5mln customers.

SSE said no final decisions have been taken and no agreements regarding the terms of any transaction have been entered into.

Quick facts: SSE PLC

Price: £11.84

Market: LSE
Market Cap: £121.02 m

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