EON Said to Weigh Sale of UK Business Energy Supplier Npower (1)

EON SE is exploring a sale of a UK unit supplying energy to large businesses, people with knowledge of the matter said, becoming the latest power company to seek an exit from a sector generating slim returns.

The German group is working with advisers to gauge buyer interest in Npower Ltd., according to the people, who asked not to be identified discussing confidential information. Npower is one of the largest suppliers to industrial users in the UK and delivered more than 20 terawatt-hours of electricity in 2021, about 6% of the country’s total consumption.

Discussions about a possible sale ...