The gas and electricity supplier Ovo has revived its interest in snapping up nationalised rival Bulb, potentially gazumping a bid by Octopus Energy.
Ovo has written to Bulb’s special administrator to inform it that it is again considering a purchase. Ovo originally submitted an offer to buy Bulb shortly after it collapsed in November last year, but later pulled out of the auction, during which several bidders have fallen away.
