REG - Competition and Mkts - Pennon Group / Bristol Water

PennonAnnouncement

11/01/2022 08:05

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RNS Number : 9753X  Competition and Markets Authority  11 January 2022

Completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited

 

On 22 December 2021, the CMA announced that it is or may be the case that the
above Merger has prejudiced or is likely to prejudice Ofwat's ability, in
carrying out its functions, to make comparisons between water enterprises.

 

On 31 December 2021, Pennon Group plc offered undertakings to the CMA. The CMA
has considered the undertakings offered and today announced that it considers
that there are reasonable grounds for believing that the undertaking offered,
or a modified version of it, might be accepted by the CMA to remedy the
prejudice identified by the CMA.

 

The CMA now has until 7 March 2022 to decide whether to accept the
undertaking, with the possibility to extend this timeframe to 5 May 2022 if it
considers there are special reasons for doing so.

 

The text of this decision will be placed on the Competition and Markets
Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) as soon as is reasonably practical.

 

In the event of media enquiries please email Press@cma.gov.uk
(mailto:Press@cma.gov.uk) .

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