SSE and Npower merger will not go ahead - MSE News

Former_MSE_Naomi

The two big six energy firms, SSE and Npower, will no longer go ahead with their planned merger...

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'SSE and Npower merger will not go ahead'

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MothballsWallet

So, once again, it all seems to boil down to the one thing that makes shareholders and CEOs happy: money.

Ectophile

So this "merger" was really Innogy SE desperately trying to sell Npower to SSE, but SSE deciding they didn't want to buy it.

System

Ectophile wrote: »

So this "merger" was really Innogy SE desperately trying to sell Npower to SSE, but SSE deciding they didn't want to buy it.

Not entirely true. Innogy would have held a minority share (c.35%) in the new company, with SSE shareholders holding the other 65% according to the Innogy website. The two parties just couldn’t agree revised terms.

gardner1

Shame it wont go through......as it would have merged 2 cr4p companies in to one

furby-2003

What people seem to be missing is the big six may well still be the big 5 because eon are taking over innogy to become eon and innogy own npower so npower would essentially become eon. The papers seem to have forgotton the innogy deal I think!

Anthorn

So SSE thinks that Npower is a bad buy and pulled the plug and that's now water under the bridge. What remains is what will happen to Npower and its customers as a result of the planned merger failing? Questions! Questions!

Mister_G

Anthorn wrote: »

So SSE thinks that Npower is a bad buy and pulled the plug and that's now water under the bridge. What remains is what will happen to Npower and its customers as a result of the planned merger failing? Questions! Questions!

I think that the post above yours gives you the answer.

furby-2003

Npower are making investments that would have been of benefit to sse so I don't think its a clear cut as people think. Theres a lot of uncertainly for both providers now that only time will tell. Will npower become its own entity to not become part of eon, will eon take on npower and in what form because with innogy comes npower. it certainly wont be a case of well lets carry on as we were im sure for either party.