Thursday, February 23, 2006
ScottishPower may merge with rival Scottish & Southern Energy in GBP 20bn deal – report
Story ScottishPower saw its share price rise to 591.5p yesterday after reports suggested that it could be preparing for a merger, the Guardian reported. Speculation is that the listed UK-based electricity group ScottishPower might merge with its rival Scottish & Southern Energy in a GBP 20bn (EUR 29bn) deal. Scottish and Southern Energy's market capitalisation stands at GBP 9.85bn (EUR 14.4bn).
The Glasgow Herald also noted the chatter and dismissal of it by a ScottishPower spokesperson. ScottishPower and SSE shares were both up yesterday, the item noted.
Were the two Scottish companies to come together, they would forge the largest power group in the UK, the report said. Another likely outcome would be a political outcry due to the potential for job losses, the item said, without sourcing that prediction.
Source The Guardian, Glasgow Herald
Value GBP 9,856m (Scottish & Southern Energy market capitalisation)
The Glasgow Herald also noted the chatter and dismissal of it by a ScottishPower spokesperson. ScottishPower and SSE shares were both up yesterday, the item noted.
Were the two Scottish companies to come together, they would forge the largest power group in the UK, the report said. Another likely outcome would be a political outcry due to the potential for job losses, the item said, without sourcing that prediction.
Source The Guardian, Glasgow Herald
Value GBP 9,856m (Scottish & Southern Energy market capitalisation)
