--Shell PLC's U.K. branch of its domestic gas and electricity business, Shell Energy Retail Ltd., is set for an indicative offer from OVO Energy Ltd., Sky News reports, citing unnamed sources.

--If the takeover of the Shell arm--which has 1.4 million customers--is successful it would leave OVO the second-largest player in the U.K. domestic supply market, Sky News reports.

--British Gas owner Centrica PLC has also been studying an offer for the business, Sky News reports, citing unnamed sources.

Full story: https://bit.ly/3ntCEax

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

March 29, 2023 09:36 ET (13:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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