Drax sells meter point assets.


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.

  • Drax Group
  • 26 June 2024 07:59:39

Source: Sharecast

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


Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: -15.49 ( -0.08 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.