Activist investor targets SSE renewables unit

Activist investor targets SSE renewables unit

None Sand and Soldiers mix as Troops move in to protect Cancun Tourists.

Malaysia's Relentless Demand for Chips is Deadly in None of The World s Relentless Demand for Chips

None Even in the Metaverse, Not All Identities Are Created Equal.

None The Ugly, Expensive Plan to Bring Green Power to China s Megacities

The activist investor says 5 billion pounds $6.6 billion will be created by Elliott Investment Management's push to get SSE Plc to split its renewables business into a separate unit.

In a letter sent to SSE Chairman John Manzoni, Elliott said that the company had failed to provide a convincing explanation for why it is not pursuing a listing for its renewables division. Elliott, a top five investor in the utility, said SSE is missing out on value and urged the company to provide a detailed and credible plan to address its concerns.

A strategy announcement last month made clear that SSE would not be breaking itself up, saying it would lead to 95 million pounds a year of lost value. The dividends will be cut from 2024 to fund a 12.5 billion-pound increase in spending for net-zero infrastructure over the next five years. None of the fall of a Russian cyberexecutive who Went Against the Kremlin