SSE to sell energy services unit to OVO Energy in 500 mln pound deal [Reuters]
SSE PLC S/ADR (SSEZY)
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Source: Reuters
SSE to sell energy services unit to OVO Energy in 500 million pound deal - Reuters 1 Min Read (Reuters) - British energy provider SSE Plc ( SSE.L ) said on Friday it had agreed to sell its SSE Energy Services business to OVO Energy Limited, a unit of OVO Group Limited, for an enterprise value of 500 million pounds ($617.6 million). Proceeds from the sale, which involves 400 million pounds in cash and 100 million pounds in loan notes, will be used to reduce SSE’s net debt. Reporting by Noor Zainab Hussain in Bengaluru; editing by Arun Koyyur All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. SSE to sell energy services unit to OVO Energy in 500 million pound deal (Reuters) - British energy provider SSE Plc ( SSE.L ) said on Friday it had agreed to sell its SSE Energy Services business to OVO Energy Limited, a unit of OVO Group Limited, for an enterprise value of 500 million pounds ($617.6
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