SSE and innogy have pulled the plug on the proposed merger of their respective supply divisions, with SSE concluding that it would not now be “in the best interests of customers, employees or shareholders”.
Articles tagged with: innogy
Energy giant innogy’s International Middle East (IME) division has invested £500,000 in UK energy tech start-up Verv.
Germany energy giant innogy has been forced to revise down some divisional forecasts on the back of what it has described as “extraordinary low” wind levels.
SSE and innogy have been forced to renegotiate and possibly delay the proposed merger of their supply divisions, laying the blame squarely at Ofgem’s looming price cap.
Communications giant Telefónica and German energy firm innogy have partnered for a UK-based, energy start-up incubator programme.
The proposed merger of the supply divisions of SSE and Npower has been given the all clear from the Competition and Markets Authority following a five-month investigation.
E.On has posted a 10% rise in half-year earnings, bolstered by strong performance from its core business units as its acquisition of innogy appears in the horizon.
The E.On and RWE asset swap has edged closer after the former successfully completed a voluntary public takeover offer to minority shareholders of RWE’s innogy unit.
SSE and innogy have continued to make top-table appointments to their would-be merged supply entity, identifying a chief financial officer designate.