Scottish and Southern set to plunge into water?
Media reports in the UK suggest that Perth, Scotland-based electricity and gas supplier Scottish and Southern Energy (SSE) may be eyeing the purchase of a water company.
The Mail on Sunday newspaper reports that SSE has appointed investment bank Credit Suisse to investigate the possibility of an expansion into the water sector, and market speculation is likely to surround a possible move for Thames Water. Thames is currently being put up for sale by its owner, the German utility heavyweight RWE. The newspaper reports that Southern Water - owned by banking group RBS - could also be a target. However news of SSE's move is sure to surprise investors, given that in recent years energy suppliers have been recoiling from the 'multi-utility' approach adopted in the 1990s by the likes of ScottishPower and Centrica, which diversified into areas such as telecoms and financial services.
Latest News
Related News
Related Insight
Suppliers Directory
Power Generation Biofuels & Biomass Fossil Fuel Geothermal Hydro Nuclear Solar Wind
Power Distribution Utilities Network Utilities Retail
Mining & Commodities Carbon Coal Minerals & Materials Nuclear Fuels
Intelligence
“Competing For Share Of Global Upstream Oil & Gas Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the upstream oil and gas industry. The report also identifies oil and gas exploration and production companies and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Reports Buy online from $2000

Comments may be moderated for spam, obscenities or defamation.