French EDF Energy is in negotiations to buy So Energy, a small British gas and electricity supplier, according to the article. The Irish group, owner of So Energy, has put the company up for sale, which has opened the way for this potential transaction.
So Energy is described as a small retailer in the UK's energy market. The deal, if completed, will represent a significant acquisition for EDF Energy in the British consumer segment.
This move is part of a new wave of consolidation among UK gas and electricity retailers. The British energy market has been witnessing a merger and acquisition process that is increasingly concentrating the sector in the hands of large operators.
