Energy supplier OVO to explore options including sale ...Middle East

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Energy supplier OVO to explore options including sale
Britain’s fourth-biggest household energy supplier is lining up bankers to explore options including bringing in a new investor or a sale, 15 years after it launched in a bid to challenge the industry’s oligopoly. Sky News has learnt that OVO Group, which was founded by Stephen Fitzpatrick, is close to hiring Rothschild to assist with a strategic review of the business. City sources said this weekend that a range of possibilities would be considered during the process, which is expected to take several months. Money blog: How to split housework fairly These are likely to include a refinancing – with talks already underway about OVO’s existing borrowings – as well as issuing new shares to p

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