Essen,
07
November
2017
|
15:21
Europe/Amsterdam

Disclosure of inside information pursuant to Article 17 MAR innogy and SSE are in advanced discussions on combining their retail businesses in Great Britain

innogy and SSE are in advanced discussions on combining their retail activities in Great Britain

innogy SE (“innogy”) and SSE plc (“SSE”) are in advanced exclusive discussions regarding a combination of the retail activities of innogy’s subsidiary npower and SSE’s B2C (retail customers) and Energy+ activities in Great Britain. The combined business would be listed and SSE would demerge its shares to its shareholders. No binding agreements regarding the terms of the combination have been entered into at this stage. Any transaction would be subject to appropriate corporate and board approvals and the consent of the competent competition and regulatory authorities.

Responsible person: Dr. Claudia Mayfeld, General Counsel of innogy SE