SSE Sells Another 5% of Clyde Windfarm Scotland
August 01 2017 - 4:55AM
Dow Jones News
By Rory Gallivan
LONDON--SSE PLC (SSE.LN) announced the sale Tuesday of another
5% of Clyde Windfarm Scotland Ltd to Greencoat U.K. Wind PLC
(UKW.LN) and GLIL Infrastructure LLP for 67.8 million pounds ($89.2
million) in cash, reducing its stake to 65%.
SSE, a gas and electricity supplier, said Greencoat and GLIL had
the option to buy a further 14.9% of Clyde Windfarm for GBP202.2
million.
The Clyde windfarm is located in South Lanarkshire,
Scotland.
Shares in SSE at 0815 GMT, up 5 pence, or 0.4%, at 1,384 pence
valuing the company at GBP13.8 billion.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
August 01, 2017 04:40 ET (08:40 GMT)
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