OVO secures approval for £500m SSE Energy Services deal

James S Murray
clock • 2 min read

CMA approval paves way for transaction to complete next month, creating a major new energy player with almost five million customers that has pledged to go net zero emissions

The Competition and Markets Authority (CMA) has today approved OVO Energy's planned £500m acquisition of SSE Energy Services, clearing the path for the transaction to complete next month. The deal,...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Trio of UK clean power projects take key steps forward

Trio of UK clean power projects take key steps forward

Plans progress for extension of RWE-led Suffolk offshore wind farm, as Sonnedix breaks ground on major solar farm in Country Durham, and Exagen secures planning consent for Tewkesbury battery storage system

clock 25 April 2024 • 4 min read
European energy tech raises $3.1bn in VC funding during first quarter

European energy tech raises $3.1bn in VC funding during first quarter

'Mega' deals for energy startups power European venture capital recovery, as clean tech investment surge continues

Stuart Stone
clock 24 April 2024 • 2 min read
Study: 'Co-located' storage and renewables projects hindered by out-dated policy

Study: 'Co-located' storage and renewables projects hindered by out-dated policy

'Energy parks' that pair storage with wind or solar farms could cut electricity system costs and increase energy security, RenewableUK finds

Stuart Stone
clock 24 April 2024 • 4 min read