Octopus takeover of Bulb faces delay after rivals seek judicial review

Three companies complain over lack of transparency around deal which could be biggest government bailout since RBS and Lloyds

The takeover of collapsed bailed-out energy supplier Bulb by rival Octopus faces further delays after three rival companies launched judicial review proceedings, arguing that there are significant concerns" over a possible 1bn government-funded dowry".

Octopus agreed to buy Bulb out of a special government-handled administration last month after a year-long process which could cost the taxpayer up to 6.5bn, according to a government estimate.