26.06.2024 09:07:39 - dpa-AFX: Drax Group To Sell Majority Of Opus' SME Customer Book To EDF Energy Customers
LONDON (dpa-AFX) - U.K.-headquartered Drax Group plc (DRX) engaged in
renewable power generation on Wednesday announced the sale of up to 90,000 Small
& Medium-sized customer meter points from Opus Energy Group Limited which it
acquired in 2017, to EDF Energy Customers Limited.
The asset sale of the majority of the Opus customer meter points follows the
completion of a strategic review of the Group's non-core SME energy supply
business.
Drax expects the sale to support its decarbonisation strategy and the
development of its Energy Solutions business which is focused on I&C customers,
renewable power and energy services.
The Energy Solutions business is unaffected by the sale of the Opus SME assets
and there is no change to the Group's Energy Solutions EBITDA expectations as a
result of this process.
The transaction is expected to conclude in the third quarter of 2024.
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