Drax sells meter point assets
Drax Group
641.00p
16:40 27/09/24
1.26%
8.00p
Drax said it was selling up to 90,000 small & medium-sized (SME) customer meter points from Opus Energy Group to EDF Energy Customers Limited for an undisclosed sum.
Electricity
11,620.05
17:04 27/09/24
-1.39%
-164.03
FTSE 250
21,240.56
17:09 27/09/24
n/a
n/a
FTSE 350
4,599.36
17:10 27/09/24
n/a
n/a
FTSE All-Share
4,555.44
17:04 27/09/24
n/a
n/a
The deal is an asset sale for the majority of the Opus customer meter points and follows a strategic review of the group's non-core SME energy supply business, Drax said on Wednesday.
"Drax believes that these measures further support its decarbonisation strategy and the development of its energy solutions business which is focused on industrial and commercial customers, renewable power and energy services."
Reporting by Frank Prenesti for Sharecast.com