REG - Competition and Mkts - Merger Update: Iberdrola / NWEN

Iberdrola SAAnnouncement

29/01/2025 08:15

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RNS Number : 0001V  Competition and Markets Authority  29 January 2025

Start of CMA Merger Investigation: Iberdrola / NWEN

The Competition and Markets Authority (CMA) is considering whether it is or
may be the case that this merger has resulted in the creation of a relevant
merger situation under the merger provisions of the Enterprise Act 2002 and,
if so, whether the creation of that merger has resulted, or may be expected to
result, in a substantial lessening of competition within any market or markets
in the United Kingdom for goods or services.

In addition, the CMA is also considering whether it is or may be the case that
this merger has resulted in the creation of a relevant merger situation
involving an energy network merger under the merger provisions of the
Enterprise Act 2002 and, if so, whether the creation of that situation has
caused, or may be expected to cause, substantial prejudice to the ability of
Ofgem to make comparisons between energy network enterprises of the type
involved in the energy network merger.

The CMA announced the launch of its merger inquiry by notice to the Parties on
29 January 2025 and has a deadline of 27 March 2025 for its phase 1 decisions.

Invitation to comment: Closes 12 February 2025

To assist it with this assessment, the CMA invites comments on the transaction
from any interested party.

These comments should be provided by the deadline set out above to:
iberdrola.nwen@cma.gov.uk.

Your name and contact details are your personal data. In collecting,
receiving, storing, accessing and using your personal data, the CMA, as
controller, is processing your personal data. The CMA processes personal data
in accordance with data protection law. The CMA is processing your personal
data so that it can contact you again, should it need further help or
information from you, in order to carry out its merger work under Part 3 of
the Enterprise Act 2002. For more information about how the CMA processes
personal data and your rights relating to that data, please see our Privacy
Notice.

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