Acquisition would result in combined company serving about 9.6 million households if given regulatory approval
The German energy group E.ON has agreed to buy struggling UK rival Ovo in a deal that would create Britain’s biggest gas and electricity supplier.
The combined company will serve about 9.6 million customers, overtaking the market leader, Octopus, which serves almost 8m households in the UK.
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This article was originally published by The Guardian and written by Julia Kollewe.
Read original article on The Guardian