German energy giant nears £600mn deal to buy UK supplier Ovo
A takeover, which would create a combined entity serving about 9.6mn customers, could be reached within weeks
A takeover, which would create a combined entity serving about 9.6mn customers, could be reached within weeks

Merger will create entity serving almost 10mn customers and will be major competitor to Octopus Energy

Year saw 74% rise in takeovers of British groups by overseas bidders, data shows

Swedish buyout group holds preliminary talks with owners Permira and Blackstone

French and German utilities in discussions with UK energy supplier as it seeks to raise funds to meet capital requirements

Data shows momentum shift under way in Europe and emerging markets

Surge in foreign acquisition values reflects quality of assets, but at discount valuations