Betaville

UNCOOKED ALERT: SSE said to ...

One of the world's largest activist investors is said to be building up a stake in SSE, sparking speculation the company may eventually become a takeover target.

People following the situation said the activist shareholder has been accumulating a sizeable shareholding over the last few weeks and and may soon announce its position.

It's not clear why the activist is targeting SSE but the move is likely to trigger speculation the company could be a takeover target for European rival, such as EDF, Iberdrola or Enel Spa...