Ovo revives interest in buying nationalised energy supplier Bulb

Gas and electricity company that pulled out of auction for Bulb last year could gazump bid by Octopus

The gas and electricity supplier Ovo has revived its interest in snapping up nationalised rival Bulb, potentially gazumping a bid by Octopus Energy.

Ovo has written to Bulb’s special administrator to inform them it is again considering a purchase. Ovo originally submitted an offer to buy Bulb shortly after it collapsed in November last year, but later pulled out of the auction, during which several bidders have fallen away.

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​Gas and electricity company that pulled out of auction for Bulb last year could gazump bid by OctopusThe gas and electricity supplier Ovo has revived its interest in snapping up nationalised rival Bulb, potentially gazumping a bid by Octopus Energy.Ovo has written to Bulb’s special administrator to inform them it is again considering a purchase. Ovo originally submitted an offer to buy Bulb shortly after it collapsed in November last year, but later pulled out of the auction, during which several bidders have fallen away. Continue reading…