A Bidding War Has Begun In The UK’s Struggling Energy Sector ...Middle East

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The bidding process for the UK’s seventh biggest energy firm has narrowed down to two suppliers, amid reports British Gas owner Centrica has opted against a final offer for the collapsed supplier. City A.M. understands from industry sources two energy firms remain in the running to acquire Bulb Energy (Bulb) and its 1.5m customers, Octopus Energy (Octopus) and Masdar Energy (Masdar). There is also the possibility the two suppliers could present a joint offer for Bulb, as first reported in The Financial Times, with Masdar providing funds and…

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