Ovo Group the latest to court SSE energy retail arm

UK energy supplier SSE is in talks to sell its retail business, SSE Energy Services, to Ovo Group, in a deal that could propel the latter to become one of the biggest firm's in the industry in the country.

  • By Mike Turner
  • 12 Aug 2019

If the deal goes ahead, it will add £35.3m of annual reported operating profit to Ovo’s books, based on SSE's 2019 figures.

However, that figure is well below the £221.8m and £177.2m of reported operating profit SSE Energy Services pulled in for 2018 and 2017, respectively, as ...

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