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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sse Plc | LSE:SSE | London | Ordinary Share | GB0007908733 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-6.50 | -0.39% | 1,658.50 | 1,658.50 | 1,659.50 | 1,683.00 | 1,658.00 | 1,683.00 | 369,490 | 12:59:33 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 12.49B | -60.6M | -0.0555 | -300.45 | 18.22B |
TIDMSSE
RNS Number : 4901D
SSE PLC
09 October 2018
SSE comments on publication of CMA's Final Report into proposed GB energy retail merger
SSE plc (SSE) welcomes the Competition and Markets Authority (CMA)'s publication of its Final Report following the inquiry into the proposed merger of SSE Energy Services, SSE's household energy and services business in GB, and Innogy SE (innogy)'s GB retail business, npower Ltd.
Commenting on the publication, Alistair Phillips-Davies, Chief Executive of SSE plc, said:
"We are very pleased that the Final Report of the CMA's investigation confirms its provisional findings that the proposed merger of SSE Energy Services and npower does not raise any competition concerns.
"This is a complex transaction and there is still much work to do in the coming weeks and months. However, we've always believed that the creation of a new, independent energy and services retailer has potential to deliver real benefits for customers and the market as a whole and it is good to see that the CMA has cleared the transaction following what was a comprehensive and rigorous inquiry."
ENDS
Enquiries to SSE:
ir@sse.com +44 (0)345 0760 530
media@sse.com +44 (0)345 0760 530
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
October 10, 2018 02:19 ET (06:19 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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