logo-loader
UtilitiesPower & Utilities
SSE PLC

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.

Ecological light bulb
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
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Clear Leisure CEO confident of a positive outcome to its litigation issues

Francesco Gardin, chief executive and executive chairman of Clear Leisure PLC (LON:CLP), updates Proactive London on the firm's investments and ongoing litigation cases. This week the company's subsidiary, Clear Leisure 2017, agreed with Sipiem to buy the €10.8m legal action against the...

2 days, 9 hours ago

RNS

Holding(s) in Company

2 days, 5 hours ago

Additional Listing

4 days, 4 hours ago

Director/PDMR Shareholding

4 days, 9 hours ago

Holding(s) in Company

1 week, 3 days ago

Total Voting Rights

1 week, 6 days ago

Scrip Alternative

2 weeks, 5 days ago

2 min read