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4-Traders 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 CET

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.

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
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Financials ( GBP)
Sales 2017 27 544 M
EBIT 2017 1 333 M
Net income 2017 588 M
Debt 2017 3 024 M
Yield 2017 8,33%
P/E ratio 2017 13,19
P/E ratio 2018 10,25
EV / Sales 2017 0,40x
EV / Sales 2018 0,39x
Capitalization 8 076 M
Chart CENTRICA
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Centrica Technical Analysis Chart | CNA | GB00B033F229 | 4-Traders
Technical analysis trends CENTRICA
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TrendsNeutralBearishBearish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 1,56  GBP
Spread / Average Target 8,5%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeff Bell Group Chief Financial Officer & Director
Charles Cameron Director-Technology & Engineering
Mike Young Group Chief Information Officer
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