© Reuters. FILE PHOTO: An SSE company logo is seen on signage outside the Pitlochry Dam hydro electric power station in Pitlochry, Scotland, Britain, November 8, 2017. REUTERS/Russell Cheyne/File Photo
(Reuters) – Britain’s SSE (LON:) Plc has not taken any decision to break up the group, the power producer said on Monday, in response to a report that it was close to a split following pressure from activist investor Elliot.
“The Board remains fully focused on strategic choices which will drive shareholder value from the wealth of net zero opportunities the company is creating,” the company said.
The Telegraph reported on Friday that Britain’s second-biggest energy provider is close to being split into two separate blue-chip companies. (https://
The U.S. investor has been in talks with SSE’s board to split the company’s legacy wholesale networks business from its growth renewables operations for more than a year, the paper reported, citing sources.
Elliot was not immediately available for comment outside regular U.S. business hours.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.