Share Name Share Symbol Market Type
Sse (PC) USOTC:SSEZY Other OTC Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -$0.12 -0.82% $14.46 $14.35 $14.69 $14.62 $14.41 $14.54 125,839 21:00:42

SSE, Npower Assess Changes to Terms, Merger Likely Delayed

08/11/2018 7:23pm

Dow Jones News


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By Dimitrios Kontos

 

SSE PLC (SSE.LN) said Thursday that it is assessing potential changes to the commercial terms of the proposed merger between its household-energy and services unit SSE Energy Services and Npower, and it is likely the merger will be delayed beyond the first quarter of 2019.

The company will provide an update on the progress of discussions by mid-December and it won't provide further comment on in the meantime, it said.

SSE said it has become apparent that some recent market developments mean that the commercial terms associated with the proposed merger will need to be reconsidered.

The U.K. monopoly watchdog gave the green light to the proposed merger between SSE Energy Services and Npower on October 10.

 

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

 

(END) Dow Jones Newswires

November 08, 2018 14:08 ET (19:08 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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