Pennon Group and Bristol Water merger still on track

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.

NEWS CATEGORIES

LATEST NEWS

Ofwat approves funding for London Water Recycling scheme

Ofwat has approved funding for the London Water Recycling scheme to continue and progress to gate four as a single solution, with Teddington Direct...

CCW responds to Ofwat’s latest amendment to the Customer Protection Code of Practice

The Consumer Council for Water (CCW) is concerned that Ofwat’s decision to change the billing accuracy requirement in the Customer Protection Code of Practice (CPCoP) will...

Four bills that could have an impact on the water and wastewater industry scheduled for second reading in Parliament today

Four bills that could have an impact on the water and wastewater industry are scheduled for their second reading in Parliament today (11 July...

OEP highlights the critical role of inspections in environmental regulation in England

A new report by the Office for Environmental Protection (OEP) identifies the crucial role inspections must play in environmental regulation in England and calls...