REG - Competition and Mkts - Merger Update: Pennon / Sumisho Osaka Gas Water UK

PennonAnnouncement

27/02/2024 08:15

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RNS Number : 4998E  Competition and Markets Authority  27 February 2024

Invitation to Comment: completed acquisition by Pennon Group plc of Sumisho
Osaka Gas Water UK

 

The Competition and Markets Authority (CMA) is considering pursuant to section
32(b) of the Water Industry Act 1991 (WIA91), whether it is or may be the case
that a merger of two or more water enterprises has taken place and, if so,
whether the creation of that situation is likely to prejudice Ofwat's ability,
in carrying out its functions, to make comparisons between water enterprises.

 

The CMA is issuing this preliminary 'invitation to comment' to allow
interested parties to submit to the CMA any initial views on the impact that
the transaction could have on water regulation in England and Wales. The CMA
has not yet launched its formal investigation into this transaction. This
invitation to comment is the first part of the CMA's information-gathering
process.

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

These comments should be provided by the deadline set out above to:

Pennon.SOGWUK@cma.gov.uk (mailto:Pennon.SOGWUK@cma.gov.uk)

 

 

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