The owner of Scottish Power has sounded out rivals about a possible deal with its UK retail business as the sector grapples with high consumer debts and the rapid rise of Octopus Energy.
Iberdrola, the Spanish energy group, had spoken to several companies in the sector about a combination with Scottish Power as it reacts to the challenges facing the retail market, according to people familiar with the matter.
The talks, which have taken place since the start of the year, excluded Scottish Power’s networks and power generation businesses but no formal deal process was conducted and no partner had been found, they added.
您已閱讀22%(625字),剩余78%(2188字)包含更多重要信息,訂閱以繼續探索完整內容,并享受更多專屬服務。