The Competition and Markets Authority (CMA) has responded to Pennon Group plc to say it might now accept a modified version of the remedies it offered to address concerns over the Bristol Water acquisition.
Pennon were given the all-clear for the merger in November, but the CMA announced shortly before Christmas the deal couldn’t go ahead over fears it would negatively affect Ofwat’s ability to regulate both companies.
The CMA has now said there are reasonable grounds for believing that the undertakings offered by Pennon, or a modified version of them, might be accepted.
