By Nicholas Earl Octopus Energy (Octopus) is edging closer to taking over fallen rival Bulb Energy (Bulb), bringing to an end an 11 month saga and the biggest state bailout since RBS in 2008. City A.M. understands Bulb’s administrators recommended Octopus’ purchase of the energy firm in a paper sent to the Department for Business, Energy and Industrial Strategy (BEIS) last month. The Government and Bulb’s special administrator, Teneo Financial Advisory, are now preparing to sign a binding agreement to sell the company to Octopus Energy by the end of October, according to Sky News. The news age…