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(Reuters) – The British energy group SSE Plc has contacted companies such as broadband provider TalkTalk Telecom Group about a contract to divest its supply branch to individuals, Sky.Lm9c2T reported on Saturday. .ly / 2Lm9c2T.
SSE will inform investors of the future of its retail unit, valued at GBP 1 billion ($ 1.29 billion) by CEO Alistair Phillips-Davies on May 22, Sky reported News.
HSE is looking for a buyer or merging partner, but despite recent discussions, a rapprochement with TalkTalk is unlikely, Sky News reported, citing a source.
In December, SSE and the Innogy SE energy group canceled plans to merge their UK retail business after the industry regulator proposed a cap on consumer bills, leaving them looking for more consolidation options.
SSE did not respond to a request for comment on Saturday, while TalkTalk said it did not comment on the Sky News report.
Report of Kanishka Singh in Bengaluru; Edited by Alexander Smith
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