Ecotricity’s upped offer for Good Energy has led shareholders to sell just 2.5% of shares. Ecotricity originally offered 340p per share when it made its cash offer for Good Energy in July, with this equivalent to £45.3 million. It later upped this to 400p per share after receiving acceptances for just 1.8% of Good Energy’s shares. Following this, it has now received valid acceptances of 411,523 Good Energy shares, equivalent to around 2.5%. As it already owned around 25.1%, this takes its stake in the company to around 27.5%.
Current 23rd Sept 2021 read more »
Ministers under fire as energy retailers rescue package put on ice. One head of a challenging retail energy provider in the UK has attacked the government for failing to stop the collapse of more and more suppliers amid growing industry concerns. Peter McGirr, Founder and CEO of Green, Energy supplier collapsed this week Its regulators, Ofgem and the government, have created a “regulatory environment” that has caused failure as wholesale energy prices soared to record levels.
FT 23rd Sept 2021 read more »
The young boss of a collapsed energy company that has left more than 580,000 families fearing higher bills this winter is at the heart of a web of firms that appear to have led to his family earning millions of pounds.
Times 24th Sept 2021 read more »