UK watchdog clears proposed merger of SSE and Innogy's retail units

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 - Copyright RUSSELL CHEYNE(Reuters)

By Reuters

Published on 10/10/2018 - 08:34•Updated 10/05/2024 - 20:23

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(Reuters) - Britain's Competition and Markets Authority (CMA) on Wednesday cleared a proposed deal between British energy providers SSE and Innogy SE's <IGY.DE> Npower to merge their retail units.

CMA said it decided to clear the merger after finding that SSE and Npower are not close rivals for customers on standard variable tariff prices.