Scottish & Southern Energy is running the rule over a potential cross-border utility takeover, with Energia, Ireland’s biggest independent power company, in its sights.

Analysts say the Scottish utility is a front-runner for a £2 billion bidding auction, which is expected to be started soon when Dresdner Kleinwort posts an information memorandum to prospective bidders.

Posted: 08|9|08 at 10:29 am. Filed under: Auction News.