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PRESS: Goldman Sachs to invest GBP250 million in energy supplier OVO

Tue, 4th May 2021 06:51

(Alliance News) - Goldman Sachs Group Inc is considering investing GBP250 million into Ovo Energy, Sky News reported on Friday, citing "City sources".

Ovo is one of the UK's largest domestic gas and electricity suppliers following its purchase of SSE Energy Services from SSE PLC at the start of last year.

A private investment division of Goldman's asset management business is in advanced talks to inject capital into Ovo, Sky said, and a deal could be announced within weeks. It would result in Goldman holding a substantial minority stake in Ovo, the television news channel said.

https://news.sky.com/story/goldman-sachs-to-plough-250m-into-energy-gatecrasher-ovo-12291413

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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