Spanish-Owned Scottish Power Sparks Merger Talks with Ovo Energy

Spanish-owned Scottish Power sparks merger talks with Ovo Energy

Scottish Power, the Spanish-owned energy supplier, and larger rival Ovo Energy have begun holding exploratory talks about a merger that would create a company serving more than six million British households.

Spanish-owned Scottish Power sparks merger talks with Ovo Energy | Money News | Tech, Entertainment, Sport, Fashion, Travel News

Scottish Power, the Spanish-owned energy supplier, and larger rival Ovo Energy have begun holding exploratory talks about a merger that would create a company serving more than six million British households. Sky News has learnt that executives from Iberdrola, which owns Scottish Power, and Ovo have been engaged in preliminary discussions in recent weeks about the possibility of a deal. The talks are at an early stage and any formal transaction …

Spanish-owned Scottish Power Sparks Merger Talks With Ovo Energy - Great Yorkshire Radio

Sky News has learnt that executives from Iberdrola, which owns Scottish Power, and Ovo have been engaged in preliminary discussions in recent weeks about the possibility of a deal. The talks are at an early stage and any formal transaction would be months away, if it materialised at all. If the two companies do agree a merger of their residential gas and electricity operations, it would create the third-largest supplier behind Centrica-owned Bri…