High Court greenlights Bulb takeover by Octopus

A London court has set a date for the transfer of some of Bulb’s assets to a new separate entity

Big Zero Report 2022

A High Court has given the green light to the proposed takeover of collapsed energy company Bulb by Octopus.

Judge Antony Zacaroli said: “I have made a decision that I should and will set an effective date.”

Judge Antony Zacaroli appointed 20th December as a start date under an Energy Transfer Scheme (ETS).

His ruling follows bids lodged by energy suppliers, including ScottishPower, British Gas and E.ON that have challenged the lawfulness of decision-making over the proposed Bulb transaction.

In a tweet posted on 30th November, Bulb said: “Today, the court approved the timing for the ETS. The court has said this can take effect shortly before midnight on Tuesday, 20.1222.”

Just two days before this tweet, the company said: “We’re disappointed to share that a judicial review has been lodged, which may further delay Bulb customers and the team moving across to Octopus. We’ll share more updates when we have them.”

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