Ovo Group the latest to court SSE energy retail arm

Gas
By Mike Turner
12 Aug 2019

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.

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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