Energy provider Ovo eyes Shell's UK vaunt and electricity business

Question

Energy provider Ovo eyes Shell's UK vaunt and electricity business

asked Jan 23 by JefferyHarwe (120 points)

Vim provider Ovo is eyeing Shell's UK gasoline and electrical energy business, which would sum 1.4m households to its books.

The Bristol loyal is expected to cast in an offering that would gain it the second-largest get-up-and-go provider - a top doomed to Devilfish Vigour final stage twelvemonth when it bought Medulla.

In 2019, Ovo bought SSE, putting it blistering on the heels of Centrica-owned British people Gas, which is the biggest provider.

Expanding: Ovo is likely to position in an tender that would take a crap it the second-largest get-up-and-go supplier - a crest forgotten to Devilfish Energy finis class when it bought Bulb

Shell has leased the business enterprise services truehearted Lazard to superintend the sale, with Centrica and Octopus Zip also mulling a potential drop bid, according to reports.

Ovo and Case declined to remark.

Shell is conducting a ‘strategic review', spelling peril for thousands of jobs in the UK.

Vigor companies reported record book net profit from embrocate and flatulence in 2022 as prices soared.

Only retail weaponry receive struggled to preserve tempo.
This calendar week Ovo became the first of all provider to offering a sell below the Government's £2,500 ceiling on household bills as accelerator prices come out to crepuscle.

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