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| Name | Symbol | Market | Type |
|---|---|---|---|
| SSE PLC (PK) | USOTC:SSEZY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.21 | -0.98% | 21.24 | 21.14 | 21.25 | 21.3111 | 20.78 | 20.78 | 25,078 | 21:00:17 |
From May 2019 to May 2024
By Carlo Martuscelli
SSE PLC (SSE.LN) said Tuesday that it will acquire the 50% of Seagreen Wind Energy Limited that it doesn't already own, buying the outstanding stake for 118 million pounds ($154.7 million).
It will acquire the company from Fluor Ltd., exercising its pre-emption right, the FTSE 100-listed energy company said.
SSE said the acquisition takes its total offshore wind portfolio to around 4 gigawatts.
The company reiterated the guidance it set out earlier in the month.
A combination of higher commodity prices, and relatively dry weather has hurt profit, as a result, the company expects that adjusted operating profit for the six months to Sept. 30 will be about half the GBP586 million reported in the previous-year period.
It expects to recommend a full-year dividend of 97.5 pence a share for fiscal 2019.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
September 25, 2018 02:42 ET (06:42 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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