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Telecom Plus to sell Opus Energy to Drax Group for £71m

Connectivity BusinessbyConnectivity Business
December 6, 2016
in Investments, Space Services
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UK utility services provider Telecom Plus is selling its 20% stake in energy company Opus Energy Group to peer Drax Group, with profits to be returned to shareholders. Telecom Plus will receive about £71m (US$84.1m) in cash for the sale, which is expected to close in Q1 2017. UK utility services provider Telecom Plus (LSE:TEP) is selling its 20% stake in energy company Opus […]

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