Corporate and Energy teams advise Opus Energy on landmark, £340 million deal

06 December 2016

A cross-sector team led by Corporate partner Stuart Young and including Energy partner Derek Goodban advised energy supplier Opus Energy on its conditional sale to Drax Developments Limited, a member of the Drax Group.

The sale exchanged on 6 December 2016 and will see Opus Energy, which has been operating since 2002 and is the leading challenger supplier in the SME market, form part of Drax's retail operations. Drax then become Britain's fifth biggest non-domestic energy retailer.

Gowling WLG has worked with Opus for more than ten years on a wide range of matters including corporate transactions, major commercial agreements and a number of regulatory issues.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.