Energylinx News

April 2004 Monthly Archive

April 28, 2004

SSE Acquisitions

Scottish and Southern Energy plc has today completed the acquisition of the assets of Atlantic Electric & Gas Limited (in administrative receivership) from the Receivers, KPMG LLP. The total consideration is £90.7 million in cash, predominantly for the customer debt book but also for over 300,000 customers. Scottish and Southern Energy is not taking on the bulk of the liabilities normally associated with an energy supply business.

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