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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

UK high court approves Bulb takeover by Octopus Energy

Energy supplier Bulb collapsed last year when wholesale energy prices surged.
Energy supplier Bulb collapsed last year when wholesale energy prices surged. Photograph: Sam Oaksey/Alamy

The takeover of the collapsed energy supplier Bulb in a deal which would create the UK’s third largest gas and electricity provider has been approved in a London court.

Octopus Energy agreed last month to buy Bulb out of a government-handled administration process which has lasted for nearly a year.

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