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EONGY E ON SE (PK)

12.48
0.00 (0.00%)
12 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
E ON SE (PK) USOTC:EONGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 12.48 12.20 12.65 0.00 12:31:55

U.K. Energy Companies Lose High Court Challenge Over Bulb's Sale to Octopus, the Guardian Reports

31/03/2023 3:58pm

Dow Jones News


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--U.K. energy companies E.ON, Centrica's British Gas and Iberdrola's Scottish Power have lost a high court challenge in the U.K. over the sale of Bulb Energy by the government, the Guardian reports.

--The companies alleged that the U.K. government's decision-making process was flawed when Bulb was sold to rival Octopus Energy after it went into special administration in 2021, the Guardian says.

--According to The Guardian, Octopus argued that its purchase would be "extremely beneficial" for the government and taxpayers.

 

Full story: https://bit.ly/3nBZFrV

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

March 31, 2023 10:43 ET (14:43 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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