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
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
-
Saba Capital and Boaz Weinstein respond to investment trustsAs investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
-
How to find top-quality companies with growing dividendsIan Mortimer, portfolio manager of Guinness Global Equity Income Fund, shares where he would put his money for sustainable and growing dividends
