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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Centrica    CNA   GB00B033F229

CENTRICA (CNA)
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SSE, npower to merge British ops to create UK's No.2 energy supplier

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11/08/2017 | 10:29am CEST

LONDON (Reuters) - Britain's SSE (>> Scottish and Southern Energy) and npower, owned by Germany's Innogy (>> Innogy SE), announced plans on Wednesday to merge their British retail energy business in a deal that would create the country's second largest supplier.

LONDON (Reuters) - Britain's SSE (>> Scottish and Southern Energy) and npower, owned by Germany's Innogy (>> Innogy SE), announced plans on Wednesday to merge their British retail energy business in a deal that would create the country's second largest supplier.

A new independent company will be formed through the deal, which will be held by SSE shareholders with minority participation by Innogy, SSE said.

Combined, the two companies have around 11.5 million customers, making the new company second only to Centrica's (>> Centrica) British Gas, which has more than 14 million customer accounts.

(Reporting by Susanna Twidale; editing by Jason Neely)

Stocks treated in this article : Scottish and Southern Energy, Centrica, Innogy SE
Stocks mentioned in the article
ChangeLast1st jan.
CENTRICA -0.07% 145.7 Delayed Quote.6.12%
INNOGY SE 0.16% 38.46 Delayed Quote.17.70%
SCOTTISH AND SOUTHERN ENERGY 1.93% 1137 Delayed Quote.-13.86%
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Financials (GBP)
Sales 2018 27 945 M
EBIT 2018 1 490 M
Net income 2018 592 M
Debt 2018 3 111 M
Yield 2018 8,24%
P/E ratio 2018 11,71
P/E ratio 2019 11,29
EV / Sales 2018 0,41x
EV / Sales 2019 0,40x
Capitalization 8 222 M
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 17
Average target price 1,62  GBP
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeffrey Allan Bell Group Chief Financial Officer & Director
Mike Young Group Chief Information Officer
Mark Hanafin Group Executive Director & CEO- Centrica Business
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA6.12%10 810
ELECTRICITÉ DE FRANCE38.68%50 678
NATIONAL GRID PLC-8.84%35 192
ENGIE-18.03%32 877
SEMPRA ENERGY7.65%31 303
ORSTED19.90%26 451