SSE in talks over sale of energy services business

Utility operator SSE (LON:SSE) has confirmed that it’s in discussions with Ovo Group, the energy supply company based in Bristol, over the possible sale of the SSE Energy Services business.

SSE Energy Services supplies energy and related services to around 5.7 million household customers across Great Britain. SSE added that no final decisions have been taken and no agreement regarding the terms of any transaction have been entered into.

The share price increased by 1% to 1,100.60p.