A PYMNTS Company

UK: CMA investigates water merger

By  |  June 9, 2015

The merger of Bournemouth Water with South West Water has been referred for an in-depth investigation.

The Competition and Markets Authority refers mergers involving water companies for phase two investigation if it believes they have a UK turnover of more than £10 million.

The CMA will investigate whether the merger has or could prejudice the ability of regulator Ofwat to make comparisons between different water companies in areas such as price regulation.

South West Water owner Pennon bought Bournemouth Water from Sembcorp Holdings in April 2015 for £100.3 million.

Full content: Insider Media Limited

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.