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Ovo gets green light for £500m SSE takeover from watchdog

One year ago   |   By The Guardian

Approval boosts Tory donor founder's wealth to £600m and makes firm UK's second largest energy supplier The Tory donor behind Ovo Energy has been given the green light to take control of Britain's second largest energy supplier for half a billion pounds. The UK's competition watchdog, the Competition and Markets Authority, cleared Ovo Energy's £500m takeover of SSE's energy supply arm, saying the tie-up would not affect competition in the energy market.
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