Falling number of customers, planned price cap and tougher competition prompts big fall in value of UK assets
Npower has inflicted a €480m (£427m) writedown on its German parent company, Innogy, which it blamed on the worsening UK energy market and Prime Minister Theresa May’s price cap.
Innogy said the planned merger of npower and the UK’s second biggest energy supplier, SSE, had not affected its assessment of the reduction in the value of the business.
Related: Energy price caps and big mergers will only serve to shore up the ‘big six’
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2AGQSI7
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