Sark Electricity deal close to collapse, says firm
Negotiations have been taking place since May, between Sark's electricity company and Island Power, which agreed a £2.4m takeover.
A spokesperson for Island Power said the company had been having "constructive dialogue" about a public/private partnership model.
Alan Witney-Price of SEL, released a public statement on Monday however, which claimed an agreement to finalise the sale had still not been reached.
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Mr Witney-Price said: "It is with genuine regret that SEL must today announce that Island Power has determined not to complete the sale and purchase agreement to finalise the sale of SEL.
"This is a formal component of the sale process which comes only 17 days from final completion."
The BBC has approached Sark's Chief Pleas for comment.
Follow BBC Guernsey on X and Facebook and Instagram. Send your story ideas to channel.islands@bbc.co.uk.
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