SSE PLC SSE Household Energy Supply and Services GB (4581H)
13 March 2018 - 2:06AM
UK Regulatory
TIDMSSE
RNS Number : 4581H
SSE PLC
12 March 2018
SSE plc
SSE HOUSEHOLD ENERGY SUPPLY AND SERVICES IN GB
SSE has noted the announcement of an 'agreement in principle'
between EON SE and RWE AG relating to RWE's stake in innogy SE.
SSE and innogy SE entered into a legally-binding agreement in
November 2017 to create a new independent energy supply and
services company in Great Britain, subject to the conditions set
out in the companies' announcements at that time. One of the
conditions was innogy's supervisory board approval which was
obtained in December 2017 and the agreement does not include
provision relating to change of control. SSE therefore does not
believe that its agreement with Innogy should be affected by the
EON/RWE agreement.
The transaction agreed by SSE and Innogy SE has so far proceeded
in line with their agreement and announcements and is now subject
of the CMA process that started in February.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
March 12, 2018 11:06 ET (15:06 GMT)
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