Activist investor Elliott Management demands the break-up of SSE

activist investor elliott management demands the break up of sse

Sumary of Activist investor Elliott Management demands the break-up of SSE:

  • The intervention makes SSE the second FTSE 100 firm in Elliott’s crosshairs, as it targets pharma giant Glaxosmithkline and its boss Emma Walmsley.
  • The fund also tussled with mining giant BHP in 2017, pressuring it to demerge its US petroleum assets and scrap its dual listing in London and Australia.
  • Breaking up SSE is right out of the fund’s playbook, with Elliott having pushed Portugal’s EDP-Energias de Portugal to sell part of its electricity distribution business and put proceeds into renewables.

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