SSE in talks to sell energy services business to Ovo Group
Energy company SSE confirmed on Monday that it is in talks over the possible sale of its energy services business to rival Ovo Group.
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SSE had already said in its preliminary results back in May and its first-quarter trading update in July that it was actively progressing a number of options for the future of the energy services business, which supplies energy and related services to around 5.7m household customers across Great Britain.
"These discussions are continuing, however no final decisions have been taken and no agreements regarding the terms of any transaction have been entered into," the company said in a statement.
"The board remains focused on securing the best long-term future for the business, its customers and employees, and for shareholders."