SSE buys Irish power company
SSE, the energy company once known as Scottish and Southern Energy, has bought Northern Irish outfit Phoenix Supply, as it continues its expansion on the island of Ireland.
SSE, the energy company once known as Scottish and Southern Energy, has bought Northern Irish outfit Phoenix Supply, as it continues its expansion on the island of Ireland.
The enterprise value of the business is £19.1m, excluding working capital adjustments.
SSE, through its subsidiary Airtricity, now provides gas and electricity services to 750,000 customers, or 20% of the all-island total.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
SSE Shares were down 0.58% by 11:29.
BS
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published