Drax Group plc (GB:DRX) has released an update.
Drax Group plc has announced the sale of up to 90,000 SME customer meter points from its Opus Energy Group Limited to EDF Energy Customers Limited, as part of a strategic move to focus on its core industrial and commercial energy solutions. The transaction, which is part of Drax’s decarbonisation strategy, is expected to be completed in the third quarter of 2024, pending regulatory approval. This sale is not anticipated to affect the Group’s Energy Solutions EBITDA projections.
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