Ovo investors up stake as firm records £1.3bn loss

Two of Ovo's major investors have increased their shareholding in the company after it posted a £1.3 billion loss for 2022. Following what was described by company chief executive Raman Bhatia as “one of the most challenging years for the sector” Mayfair Equity Partners and Morgan Stanley Investment Management upped their stake in a transaction worth £200 million.

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