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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Bulb sale ‘a fair deal for taxpayers,’ says boss of new owner, Octopus

Bulb Greg Jackson Octopus British Gas Octopus Energy
Greg Jackson said that the purchase was structured so that taxpayers would get a share of any profit from the acquisition.
Greg Jackson said that the purchase was structured so that taxpayers would get a share of any profit from the acquisition. Photograph: Octopus Energy/PA

The founder of Octopus Energy has said taxpayers need to benefit from the “upside” of emergency government bailout deals, after snapping up stricken former rival Bulb.

Greg Jackson’s Octopus bought Bulb out of government-handled special administration last weekend and is set to take control of the company later this month, a year after it collapsed.

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