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SSE sells 25% transmission stake for almost £1.5bn

SSE sells 25% transmission stake for almost £1.5bn

SSE has agreed to sell a 25% stake in its electricity transmission business, SSEN Transmission, to Ontario Teachers’ Pension Plan Board for £1,465 million. The deal, which is expected to be completed shortly, is intended unlock capital to allow the group to invest £12.5 billion in low-carbon infrastructure in the UK and Ireland by 2026 as part of its Net Zero Acceleration Programme.

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