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SSE and Npower merger will not go ahead - MSE News

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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
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    So, once again, it all seems to boil down to the one thing that makes shareholders and CEOs happy: money.
  • Ectophile
    Ectophile Posts: 7,412 Forumite
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    So this "merger" was really Innogy SE desperately trying to sell Npower to SSE, but SSE deciding they didn't want to buy it.
    If it sticks, force it.
    If it breaks, well it wasn't working right anyway.
  • System
    System Posts: 178,109 Community Admin
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    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
    gardner1 Posts: 3,154 Forumite
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    Shame it wont go through......as it would have merged 2 cr4p companies in to one
  • furby-2003
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    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!
    Converted comper to MSE. Thank you for all your answers!
  • Anthorn
    Anthorn Posts: 4,362 Forumite
    First Post First Anniversary Combo Breaker
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    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
    Mister_G Posts: 1,928 Forumite
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    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
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    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.
    Converted comper to MSE. Thank you for all your answers!
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